WASHINGTON (AP) — In response to Venezuela’s government and a faction of its opposition formally agreeing to work together to reach a series of basic conditions for the next presidential election, the U.S. agreed Wednesday to temporarily suspend some sanctions on the country's oil, gas and gold sectors.
Tuesday's agreement between President Nicolás Maduro’s administration and the Unitary Platform came just days before the opposition holds a primary to pick its candidate for the 2024 presidential election.
The ban on trading in the primary Venezuelan bond market remains in place, Treasury says.
We stand with the Venezuelan people and support Venezuelan democracy,” he said.
Secretary of State Antony Blinken said the U.S. and the international community “will closely follow implementation of the electoral roadmap, and the U.S. government will take action if commitments under the electoral roadmap and with respect to political prisoners are not met.”
Persons:
Nicolás, Minerven, Brian E, Nelson, ”, Antony Blinken
Organizations:
WASHINGTON, U.S . Treasury, U.S
Locations:
U.S, Treasury's, United States, Venezuela, Venezuelan