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International Business Times
International Business Times
Business
Danny KEMP

US To Reimpose Oil Sanctions On Venezuela

Nicolas Maduro United States Oil Venezuela Joe Biden Matthew Miller Washington D.C.
A tanker travels off the coast of Venezuela, where authorities insist its oil sector will keep going, US sanctions or no (Credit: AFP)

The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.

President Joe Biden's administration suspended some sanctions after Maduro's government and the opposition agreed in Barbados last October to hold a free and fair vote in 2024 under the watchful eye of international observers.

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