View of the Jose Antonio Anzoategui oil complex in Barcelona, Anzoategui State, Venezuela, July 3, 2022. The Biden administration on Saturday, Nov. 26, 2022, eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President …‘s oil and gas industry that were put on hold six months ago to encourage President Nicolas Maduro to support free and fair elections in his country.
The U.S. granted the six-month waiver, known as General License 44, in October after representatives for Mr. Maduro signed an agreement inAlthough she won the opposition primaries last year, Ms. Machado can’t run because Mr. Maduro’s government has barred her from holding public office. Her replacement, 80-year-old academic Corina Yoris, also was unable to register her candidacy.
The Treasury Department’s Office of Foreign Assets Control — which administers government sanctions — issued General License 44A. It will allow companies until May 31 to wind down any of their operations that were part of GL 44. Businesses will still be able to apply for more narrowly focused export licenses related to