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Washington has been trying to encourage negotiations between President Nicolas Maduro and the political opposition over elections in Venezuela and other demands. U.S. President Joe Biden's government is prepared to provide Venezuela sanctions relief if the country moves to restore democracy, the White House said on Wednesday. A new round of talks began last November in Mexico including Maduro's representatives, the opposition and U.S. officials, but have shown little progress. The White House declined to comment on the oil sanctions reframing proposal. MORE OIL FOR MORE PEOPLEThe U.S. is this time considering a specific offer to reframe oil sanctions on the country so crude buyers in Europe and other regions also can resume imports of Venezuelan oil in a structured, organized way, the people said.

Persons: Nicolas Maduro, Joe Biden's, Jorge Rodriguez, Biden, Donald Trump, Dinorah Figuera, Rodriguez, Marianna Parraga, Vivian Sequera, Mayela, Timothy Gardner, Diane Craft, Berkrot Organizations: Chevron Corp, U.S, White, National Security Council, U.S . State Department, National Assembly, Mayela Armas, Thomson Locations: CARACAS, WASHINGTON, American, Washington, Venezuela, U.S, United States, Mexico, Europe, China, Iran, Russia, Houston, Caracas

WASHINGTON/CARACAS, May 18 (Reuters) - The U.S. has assured the United Nations that it will shield a proposed UN-administered Venezuela humanitarian fund from creditors, people familiar with the matter said on Thursday, removing a key obstacle to getting the money flowing. Representatives of Maduro and the opposition announced agreement on the fund in brief negotiations in Mexico late last year meant to advance efforts to organize free elections in Venezuela. The fund is meant to aid ordinary Venezuelans suffering from economic and humanitarian crises. According to the four sources familiar with the matter, the U.S. notified the UN earlier this month that the funds would be safe from creditors. Dinorah Figuera, head of the Venezuelan opposition's legislature, said the U.S. move "opens the possibility that funds will reach the United Nations and open the door to negotiations."

☆ Maduro negotiator says Venezuela government, opposition making progress on $3.2 billion humanitarian fund
▼ + stars: | 2023-02-06 | by ( Vivian Sequera | ) www.reuters.com time to read: +2 min

[1/2] Venezuela’s President Nicolas Maduro delivers a speech in front of the Venezuelan Supreme Court of Justice magistrates during the opening of the new court term, in Caracas, Venezuela January 31, 2023. The opposition hopes the negotiations will help guarantee that elections tentatively scheduled for 2024 are held in fair conditions. Rodriguez did not offer details on what progress had been made toward creation of the humanitarian fund. The opposition's head negotiator, Gerardo Blyde, has said money from the frozen assets is spread across different jurisdictions, each with their own legal requirements. The opposition has said the money could be moved in small tranches to protect it from creditors.

☆ Venezuela opposition names committee to manage foreign assets
▼ + stars: | 2023-01-19 | by ( Deisy Buitrago | ) www.reuters.com time to read: +2 min

Venezuela traditionally has only one legislature, but currently has two parallel bodies - one of government-allied lawmakers and another for the opposition. Opposition party members Carlos Millan, Rene Uzcategui, Yon Goicoechea and Fernando Blasi will serve on the committee headed by Gustavo Marcano. Many assets controlled by the opposition have enjoyed the United States' protection against creditors, which this week extended its protection of Citgo for three months. Marcano, Goicoechea and Blasi served on the spending control committee previously operated under the interim government of former opposition leader Juan Guaido. Blasi will also represent the assembly in the United States, while lawmaker Miguel Pizarro will work on the assembly's behalf at the United Nations.

☆ Venezuelan opposition to pay debts to law firms, leader says
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

CARACAS, Jan 9 (Reuters) - The president of Venezuela's opposition national assembly, Dinorah Figuera, said on Monday a new committee meant to manage the country's assets abroad will pay off debts to law firms in the United States. Venezuela owes some $20.7 million to U.S. law firms representing it in fights against creditors. The committee is a key part of recent moves by the opposition legislature, which appointed Figuera and two vice presidents last week after disbanding the interim government of Juan Guaido. The United States has so far protected Venezuela's state-owned oil refiner Citgo Petroleum from creditors, a protection the opposition hopes the United States will extend when it expires this month. In a statement on Monday, the U.S. Treasury Department renewed permission for U.S. citizens to engage in business with the opposition assembly and the boards it appoints.

Guaido in 2019 won the recognition of scores of nations including the United States after the widely disputed election that kept Nicolas Maduro in power. The removal of the interim government "ended up undermining attachments among opposition leadership," said Piero Trepiccione, of Caracas' Gumilla thinktank. The opposition, many of whose leaders are in exile or barred from politics, has not held a primary for a decade. The United States has said it will continue to recognize the opposition assembly. Changing the presidential election to this year instead of next may also serve Maduro, Nicholas Watson of consulting firm Teneo said in a report.

REUTERS/Leonardo Fernandez ViloriaCARACAS, Jan 5 (Reuters) - Venezuela's opposition national assembly on Thursday appointed three exiled lawmakers to direct it and create a commission to control foreign assets, including oil refiner Citgo (PDVSAC.UL). The assembly voted last week to remove Juan Guaido, the public face of the fractious opposition since 2019, as its interim president. The new leadership triumvirate is assembly president Dinorah Figuera and vice-presidents Marianela Fernandez and Auristela Vasquez - from opposition parties Justice First, A New Era and Democratic Action respectively. The new leadership will designate a five-member commission to manage foreign assets like Citgo, a subsidiary of state-owned oil company PDVSA. Because of its backing abroad, the opposition is able to control foreign assets based in other countries, like $1 billion in gold stored at the Bank of England.

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