Venezuela’s government and opposition agreed to restart talks this weekend, ending a yearlong standoff and potentially opening the door for the U.S. to ease oil sanctions, according to people familiar with the situation.
President Nicolas Maduro and an opposition coalition will send delegates to Mexico to reopen negotiations starting Nov. 26, according to the people, who asked for anonymity as the process has not been formally announced. The talks will include conditions for Venezuela’s 2024 presidential elections and could unlock $2.7 billion of government funds currently frozen by sanctions, they said.
Colombian President Gustavo Petro said in a post on Twitter that the talks will resume on Nov. 25 and 26. He is not involved in the process, however.
