Get all your news in one place.
100's of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera
Business

US reimposes oil sanctions against Venezuela over election concerns

Venezuelan President Nicolas Maduro (C) and First Lady Cilia Flores arrive at a political rally in Caracas, on April 13, 2024 [Zurimac Campos/Venezuelan Presidency via AFP]

The United States is reimposing sanctions on Venezuela’s vital oil sector over what it says is the government’s failure to adhere to democratic principles ahead of elections in July.

The administration of US President Joe Biden said it would not renew a licence that expired early on Thursday, and which had partially eased the punitive measures since October after a US-backed election deal was reached between the government and the Venezuelan opposition in Barbados.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.