DIRS.INFO The most relevant business & tech news

Venezuela's President Nicolas Maduro speaks during a meeting with Colombia's President Gustavo Petro at the Miraflores Palace in Caracas, Venezuela, November 18, 2023. "The Political Administrative Court of the Supreme Justice Tribunal will rule on the admission of the suit and the protection requested," the statement said. Those taking their cases to the tribunal must abstain from disrespect toward the state and respect the country's constitution, the statement added. Reuters reported this week that the government could allow appeals to advance as a way to partially comply with U.S. demands. The State Department did not immediately reply to a request for comment after the statement was published.

Persons: Nicolas Maduro, Gustavo Petro, Leonardo Fernandez Viloria, Jorge Rodriguez, Gerardo Blyde, Maria Corina Machado, Maduro, Biden, Matt Spetalnick, Vivian Sequera, Mayela, Lincoln, Stephen Coates Organizations: REUTERS, United, Reuters, State Department, The State Department, Mayela Armas, Thomson Locations: Miraflores, Caracas, Venezuela, WASHINGTON, CARACAS, United States, Norway, U.S, Venezuelan

☆ US Threatening to Reimpose Venezuelan Sanctions if Commitments Not Kept
▼ + stars: | 2023-11-30 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

The Biden administration reiterated that it has told the Venezuelan government it must, by the end of November, lay out steps for lifting election bans on opposition candidates and begin releasing Venezuelan political prisoners and "wrongfully detained" Americans, the spokesperson said. If the U.S. deems Maduro's actions insufficient, it was not immediately clear how extensively or quickly it would roll back sanctions relief. "We haven’t seen any progress yet," White House national security spokesperson John Kirby told reporters earlier on Thursday when asked whether Maduro was meeting his commitments and if the U.S. was prepared to reimpose sanctions. The Venezuelan government may allow appeals from banned politicians to progress in court as a way to partially comply with U.S. demands, sources told Reuters this week. The Venezuelan government released five political prisoners in October but there have been no releases since.

Persons: Matt Spetalnick WASHINGTON, Nicolas Maduro, Joe Biden's, Biden, Antony Blinken, Maduro, November's, Jorge Rodriguez, John Kirby, Maria Corina Machado, Matt Spetalnick, Vivian Sequera, Chris Reese, Josie Kao Organizations: State Department, Venezuelan, The State Department, U.S, House Locations: U.S, Venezuela, Venezuelan, Washington, Caracas

But all Wright's family wants is for the 38-year-old businessman to be returned home. That position was reaffirmed Friday by the U.S. State Department in response to questions about Wright’s arrest. Some former Trump administration officials say Wright’s arrest is just the latest example of Maduro acting in bad faith. “He loved the nomadic lifestyle,” said Stewart, who didn't know her son was in Venezuela until she learned of his arrest. Wright’s family is speaking out because they feel the U.S. government hasn’t done enough to free him.

Persons: Biden, Savoi Wright’s, Nicolás, hasn’t, “, ”, Erin Stewart, Wright, Joe Biden, Maduro, Maria Corina Machado, Machado, Matthew Miller, Donald Trump's, Juan Guaidó, Kimberly Breier, Trump’s, Elliott Abrams, Maduro’s, Stewart, ” Stewart, Venezuela’s, Tarek William Saab didn’t, Luke Denman, Airan Berry —, — Eyvin Hernandez, Jerrel Kenemore, Joseph Cristella —, Moizeé Stewart, Wright’s, ” ___ Goodman, Tucker Organizations: U.S, Venezuelan, Associated Press, Oakland, U.S . State Department, Trump, Maduro, State Department, Loyola Marymount University, Green, FBI, U.S . Embassy, The State Department Locations: California, Venezuela, OPEC, Barbados, United States, Latin America, Washington, Colombia, Houston, Berkeley , California, Oakland, Miami, South America, U.S, Investigative@ap.org

☆ Venezuela parliament chief rejects 'ultimatums' as US threatens sanctions review
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Venezuela's National Assembly President Jorge Rodriguez addresses the media at the Federal Legislative Palace, in Caracas, Venezuela October 24, 2023. Washington eased some oil sanctions last month after an electoral deal between President Nicolas Maduro's government and the political opposition was signed in October. The easing of U.S. sanctions is also conditional on release of political prisoners and "unjustly detained" U.S. citizens. But Rodriguez, who also heads the government delegation in the opposition negotiations, told a press conference on Friday that Venezuela would not accept ultimatums. "Venezuela does not accept ultimatums from anyone, by now everybody should know that, we don't care", he said.

Persons: Jorge Rodriguez, Gaby Oraa, Nicolas Maduro's, Maria Corina Machado, Rodriguez, PDVSA, Deisy Buitrago, Mayela Armas, Sarah Morland, David Gregorio Our Organizations: Federal, REUTERS, Rights, National, U.S, Thomson Locations: Caracas, Venezuela, Rights CARACAS, Washington, U.S, Venezuelan, State

☆ Venezuelan Court Suspends Results of Opposition Primary
▼ + stars: | 2023-10-30 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

Maria Corina Machado at news conference in Caracas, Venezuela, last month. Photo: Carlos Becerra/Bloomberg NewsVenezuela’s highest court suspended the outcome of a primary that the opposition held to choose a presidential candidate, casting doubts over a deal that President Nicolás Maduro had reached with the Biden administration to pave the way for free and fair elections. The Supreme Court’s decision on Monday came after a series of public comments by Maduro and other high-ranking regime officials in recent days deeming the opposition’s Oct. 22 primary a fraud, though no evidence for the assertion was offered.

Persons: Maria Corina Machado, Carlos Becerra, Nicolás Maduro, Biden, Maduro Organizations: Bloomberg Locations: Caracas, Venezuela

CARACAS, Oct 30 (Reuters) - Venezuela's Supreme Justice Tribunal said on Monday it has suspended the results of an opposition presidential primary that took place this month, despite an electoral deal between the government and the opposition that allows each side to choose its candidate. The opposition and the primary's winner Maria Corina Machado have insisted repeatedly the Oct. 22 vote was transparent and fair. Both the investigation and the ruling come at the request of lawmaker Jose Brito, who the court said wanted to participate in the primary. The ruling "temporarily suspends the primary until there is a final decision from the tribunal," said lawyer and university professor Jose Vicente Haro. Some observers said the opposition parties that participated in the primary should simply recognize Machado once again as their unity candidate, making any ruling on the contest moot.

Persons: Nicolas Maduro, Maria Corina Machado, Jose Brito, Brito, Machado, Jose Vicente Haro, Mayela Armas, Vivian Sequera, Matt Spetalnick, Julia Symmes Cobb, Jonathan Oatis, Bill Berkrot Organizations: U.S . State Department, State Department, National, Thomson Locations: CARACAS, United States, Maduro, Barbados, Caracas, Washington

☆ Machado formally wins Venezuela primary, government warns against foreign interference
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

[1/5] Venezuelan opposition leader Maria Corina Machado attends an event to receive the credential as winner of the October 22 opposition's primary election, in Caracas, Venezuela October 26, 2023. The country's attorney general said on Wednesday his office has launched a criminal investigation into the primary and members of its organizing commission. Machado, who won about 93% of votes in the primary, met with about 10 foreign diplomats on Wednesday at her party's headquarters, sparking the government's objections. Rodriguez, the government's top negotiator in talks with the opposition, told the diplomats the primary violated electoral rules because it was organized without the help of electoral authorities and violated the Barbados deal. Machado, however, said the investigation into the primary is a "clear" violation of the Barbados deal.

Persons: Maria Corina Machado, Leonardo Fernandez Viloria, Nicolas Maduro, Machado, Maduro, Jorge Rodriguez, Rodriguez, Jesus Maria Casal, Vivian Sequera, Mayela Armas, Deisy, Julia Symmes Cobb, Rod Nickel Organizations: REUTERS, Rights, Venezuelan, The U.S . State Department, Thomson Locations: Caracas, Venezuela, Rights CARACAS, U.S, Barbados, The

CARACAS, Venezuela (AP) — Venezuela’s chief prosecutor on Wednesday announced a criminal investigation into organizers of this past weekend's primary election that was meant to let voters choose an opposition candidate to run against President Nicolás Maduro next year. Attorney General Tarek William Saab told reporters the probe would look at allegations including that the independent National Primary Commission that organized Sunday's balloting was illegally usurping the duties of a government entity. The latest partial results released by the commission showed at least 2.3 million people within Venezuela and more than 132,000 outside the country voted Sunday. Machado, a former lawmaker, already has declared herself the winner after results showed her far ahead of nine other candidates. The partial results showed that with about 92% of tally sheets counted, Machado had 2,253,825 votes, or 92.35% of the total.

Persons: — Venezuela’s, Nicolás Maduro, Tarek William Saab, María Corina Machado, Saab, buffoonery, ” Saab, “, Machado Organizations: Wednesday, Commission, Saab, Electoral Council Locations: CARACAS, Venezuela

The opposition and the primary's winner Maria Corina Machado have insisted repeatedly it was transparent and fair. The U.S. State Department is aware of the accusations and called for an investigation, a spokesperson said, adding the primary was "an important milestone" for Venezuela. The investigation, requested by lawmaker Jose Brito, will center on accusations of electoral violations, financial crimes and conspiracy, Saab said during a press conference. The electoral violations stem from the primary being organized without the National Electoral Council, Saab said. Voter rolls for the primary included 2 million people who neither registered nor participated, Saab said, and financing for the primary has not been made public.

Persons: Tarek Saab, Maria Corina Machado, Machado, Nicolas Maduro's, Nicolas Maduro, Jose Brito, Saab, Jesus Maria Casal, Mildred Camero, Roberto Abdul, Hadi, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Natalia Siniawski, Oliver Griffin, Helen Popper, Marguerita Choy, Rod Nickel Organizations: Venezuela's, Washington, U.S . State Department, Electoral Council, Saab, Voters, Thomson Locations: CARACAS, Washington, Maduro, Barbados, U.S, Venezuela, Sumate

☆ Venezuelans in Primary Cast Ballots for Candidate to Challenge Maduro Regime
▼ + stars: | 2023-10-23 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

A voter cast his ballot at a polling station in Caracas, Venezuela, on Sunday. Photo: Associated PressBOGOTÁ, Colombia—In polling stations from Venezuela to the U.S. to Europe, Venezuela’s opposition put on a primary election Sunday in which a conservative, pro-business engineer was expected to be chosen as the candidate to challenge authoritarian President Nicolás Maduro’s regime in next year’s presidential election. Maria Corina Machado held a commanding lead in polls, and her victory was foretold in a field of 10 candidates. But as of early Sunday night, it remained unclear if she would be permitted to run in the general election because Maduro’s government has barred her, as it has other prominent dissident politicians, from holding office.

Persons: Nicolás Maduro’s, Maria Corina Machado Locations: Caracas, Venezuela, Colombia, Europe

☆ Morning Bid: Markets juggle 5% yields and 150 yen
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanPartly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. The dollar retained its bid as a result and continued to probe the 150 yen level many suspect the Bank of Japan will be keen to protect against with open-market yen buying. But even these megacaps are still in thrall to the worrying squeeze in U.S. bond markets and the breach of the 5% threshold on 10-year tenors on Monday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Goldman Sachs, thrall, that's, That's, Sergio Massa, Javier Milei, Maria Corina Machado, Hess, Berkley, Brown, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Bank of Japan, European Central Bank, Industrial, China, Goldman, Microsoft, Meta, Federal Reserve, Economy, Banco BBVA Argentina, Peronist, Massa, Venezuelan, Chevron, Exxon, Natural Resources, Brown, Cadence, Packaging Corp of America, Fed, Bank of Israel, Trade Organization, Treasury, Reuters, Thomson Locations: New York City, U.S, Gaza, China, Taiwan, outflows, 50bps, York, America, Venezuela, Geneva

☆ Machado holds huge lead in Venezuela presidential primary vote
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

Industrial engineer and former lawmaker Maria Corina Machado reacts to the vote count, after Venezuelans voted in a primary to choose a unity opposition candidate to face Venezuela's President Nicolas Maduro in his probable re-election bid in 2024, in Caracas, Venezuela October 23, 2023. REUTERS/Leonardo Fernandez Viloria Acquire Licensing RightsCARACAS, Oct 23 (Reuters) - Venezuelan opposition leader Maria Corina Machado held an overwhelming lead in the vote count on Monday evening for the South American country's opposition presidential primary with 92.56% support, according to opposition officials. Nearly 65% of ballot boxes have been counted, they added. Machado declared victory overnight after an initial count of about a fourth of the ballots cast in the Sunday contest showed she had won by a similar margin. Reporting by Vivian Sequera; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Corina Machado, Nicolas Maduro, Leonardo Fernandez Viloria, Machado, Vivian Sequera, David Alire Garcia Organizations: REUTERS, Rights, South, Thomson Locations: Caracas, Venezuela, Rights CARACAS, Venezuelan

Machado, 56, had led her rivals by some 40 points in polls. Though five people were released, the Maduro government said last week that those with disqualifications cannot run in the 2024 contest. The opposition, which says the disqualifications are unlawful, has been reticent about what it would do if Machado wins the primary but is unable to compete in 2024. Machado has said she could pressure the electoral authorities to let her register, while others have argued a substitute will be necessary. Reporting by Vivian Sequera and Mayela Armas; Writing by Julia Symmes Cobb; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Corina Machado, Nicolas Maduro, Machado, Carlos Prosperi, Maduro, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Tom Hogue Organizations: Venezuelan, Thomson Locations: Caracas, CARACAS, United States, Machado's

Maria Corina Machado, 56, an industrial engineer and former lawmaker, has led her rivals by some 40 points in polls. The opposition and government this week signed a deal on some election guarantees, including the presence of international observers. Some in the opposition have said they are skeptical Maduro will follow through on the deal. The opposition, which says the disqualifications are unlawful, has been reticent to confirm what it would do if Machado wins the primary but is unable to compete in 2024. Others have argued selecting a substitute candidate would be necessary, though whether the often-fractious opposition would accept Machado choosing a replacement remains to be seen.

Persons: Leonardo Fernandez Viloria, Nicolas Maduro, Maria Corina Machado, Machado, Maduro, Jorge Rodriguez, Carlos Prosperi, Delsa, Mayela Armas, Vivian Sequera, Julia Symmes Cobb, Rod Nickel Organizations: El, REUTERS, Rights, Trump, Thomson Locations: El Valle, Venezuela, Caracas, Rights CARACAS, United States

[1/2] Venezuelan journalist Roland Carreno of the opposition party Popular Will is being greeted by family members and colleagues after he was released from prison, in Caracas, Venezuela October 19, 2023. REUTERS/Luis Gonzalo Perez Acquire Licensing RightsCARACAS, Oct 19 (Reuters) - Five people jailed in Venezuela, including well-known opposition figures, have been released, the opposition said around midnight on Thursday, following a deal with the government of President Nicolas Maduro and Washington's demand that certain prisoners be freed. Three U.S. citizens are still wrongfully detained in Venezuela, United States Assistant Secretary of State for Western Hemisphere Affairs Brian A. Nichols said on Thursday. A U.S. State Department official said on Wednesday he expects movement in the near term on releases of wrongfully detained Americans. For years the opposition has urged the government to free over 200 people that human rights organization Foro Penal considers political prisoners.

Persons: Roland Carreno, Luis Gonzalo Perez, Nicolas Maduro, Joe Biden's, Washington, Antony Blinken, Venezuela's, Gerardo Blyde, Juan Gonzalez, Jorge Rodriguez, Will, Juan Requesens, Blyde, Carreno, Maria Corina Machado, Western Hemisphere Affairs Brian A, Nichols, Eyvin Hernandez, Jerrel Kenemore, Joseph Ryan Cristella, Hernandez, Cristella, Requesens, Mayela Armas, Vivian Sequera, Matt Spetalnick, Marianna Parraga, Natalia Siniawski, Julia Symmes Cobb, Inti Landauro, Deborah Kyvrikosaios, Barbara Lewis, Jonathan Oatis, Richard Chang, Rod Nickel Organizations: REUTERS, Rights, Trump, Venezuelan, U.S, First, State Department, Reuters, United States, State, Western Hemisphere Affairs, U.S . State Department, Foro Penal, Maduro, Thomson Locations: Venezuelan, Caracas, Venezuela, Rights CARACAS, Bolivarian Republic, Maduro's, Three U.S, Los Angeles, Texas, Colombia, U.S

REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsNEW YORK/CARACAS, Oct 19 (Reuters) - Venezuela's sovereign bonds rallied on Thursday, a day after the United States lifted its ban on secondary market trading of some of the country's eurobonds, with investors eyeing a debt restructuring on some $60 billion of defaulted debt. "Prices have almost doubled in the past 24 hours but are still well below the pre-sanctioned levels," said Edward Cowen, CEO of Winterbrook Capital, who has co-invested in a fund to buy Venezuelan debt. Cowen added that a return to Venezuela's regular weighting on global indexes like JPMorgan's would give the prices further support. "I think the market was caught by surprise as the ban on secondary trading of bonds was not expected to be removed this early in the negotiation," said Armando Armenta, senior economist for global economic research at AllianceBernstein. Small funds and investors outside the United States had looked to increase their exposure to Venezuelan bonds on the expectation of debt renegotiations.

Persons: Leonardo Fernandez Viloria, PDVSA, Edward Cowen, Cowen, Armando Armenta, Maria Corina Machado, Rodrigo Campos, Mayela, Marc Jones, Corina Rodriguez, Christina Fincher, Will Dunham Organizations: REUTERS, South, Winterbrook, U.S . Treasury Department, Petroleum, Venezuelan, U.S . State Department, Mayela Armas, Thomson Locations: Bolivar, Caracas, Venezuela, CARACAS, United States, South American, U.S, Venezuela's, Venezuelan, New York, London, Madrid

☆ Five Prisoners Released in Venezuela After Opposition Deal, US Demands
▼ + stars: | 2023-10-19 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

CARACAS (Reuters) - Five people jailed in Venezuela, including well-known opposition figures, have been released, the opposition said around midnight on Thursday following an electoral deal with the government of President Nicolas Maduro and Washington's demand certain prisoners be freed. U.S. President Joe Biden's administration on Wednesday eased Trump-era sanctions on the Venezuelan oil and gas industry, in response to an election deal reached between the Venezuelan government and the opposition. A senior State Department official, speaking to Reuters on condition of anonymity, has threatened to reverse sanctions relief measures unless Maduro lifts the bans and frees prisoners. A U.S. State Department official said on Wednesday he expects movement in the near term on releases of wrongfully detained Americans. There are believed to be more than half a dozen American prisoners, several belonging to that category.

Persons: Nicolas Maduro, Joe Biden's, Washington, Antony Blinken, Gerardo Blyde, Roland Carreno, Will, Juan Requesens, Blyde, Carreno, Maria Corina Machado, Requesens, Mayela Armas, Vivian Sequera, Matt Spetalnick, Natalia Siniawski, Julia Symmes Cobb, Inti Landauro, Deborah Kyvrikosaios, Barbara Lewis, Jonathan Oatis Organizations: Trump, Venezuelan, U.S, U.S . State Department, First, State Department, Reuters, Popular, Maduro, Foro Penal, Organization of American Locations: CARACAS, Venezuela, Caracas, Maduro's, Foro, U.S

[1/4] Maria Corina Machado, candidate of the Vente Venezuela party for the opposition primaries and Freddy Superlano, leader of the Voluntad Popular party, raise their arms as they pose for pictures after a press conference, in Caracas, Venezuela October 13, 2023. The primary is the first held by Venezuela's opposition in over a decade. Favorite Maria Corina Machado is barred from holding public office, in a move criticized by the opposition and the U.S alike, and it is not clear what will happen if she wins the primary. Two other candidates - former presidential candidate Henrique Capriles and ex-lawmaker Freddy Superlano - have already withdrawn their candidacies because of similar disqualifications. The U.S. government has conveyed to Maduro bans must be lifted for all opposition presidential candidates by the end of November in exchange for sanction relief, a senior U.S. official said on Wednesday.

Persons: Maria Corina Machado, Freddy Superlano, Leonardo Fernandez, Nicolas Maduro, Henrique Capriles, MARIA CORINA MACHADO, Machado, CARLOS PROSPERI Prosperi, Prosperi, Solorzano, Deisy Buitrago, Vivian Sequera, Mayela Armas, Oliver Griffin, Marguerita Choy Organizations: REUTERS, Voters, U.S, World Bank, Inter, American Development Bank, International Monetary Fund, Accion Democratica, Criminal Court, United Nations, Thomson Locations: Venezuela, Caracas, CARACAS, U.S, Guarico

Maria Corina Machado, candidate of the Vente Venezuela party for the opposition primaries, meets with her supporters after a press conference, in Caracas, Venezuela September 6, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsCARACAS, Oct 18 (Reuters) - Venezuela's opposition will hold a primary on Sunday to pick its candidate for 2024 presidential elections, despite the front-runner being barred from holding office. The primary is the first the opposition has held in 11 years. It has not backed a presidential candidate in a general election since 2013. Officials who are found guilty of corruption are banned from holding public office for up to 15 years.

Persons: Maria Corina Machado, Leonardo Fernandez Viloria, Nicolas Maduro, Juan Guaido, Machado, Vivian Sequera, Oliver Griffin, Sonali Paul Organizations: REUTERS, Rights, Electoral, Thomson Locations: Venezuela, Caracas, Rights CARACAS, U.S, Washington

☆ US easing Venezuela oil sanctions after election deal
▼ + stars: | 2023-10-18 | by ( Matt Spetalnick | ) www.reuters.com time to read: +2 min

Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsWASHINGTON, Oct 18 (Reuters) - The Biden administration on Wednesday broadly eased sanctions on Venezuela's oil and gas sector in response to a 2024 election deal reached between the Venezuelan government and the country's opposition. Treasury is prepared to amend or revoke the authorizations at any time if representatives of President Nicolas Maduro fail to follow through on their commitments in the deal with the opposition, it added. The changes include the issuance of a six-month general license for the oil and gas sector in Venezuela and another general license authorizing dealings with Minerven – the Venezuelan state-owned gold mining company. The frontrunner in an opposition primary scheduled for Sunday, Maria Corina Machado, is barred from office for 15 years as of June.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Biden, Minerven, Maria Corina Machado, Donald Trump, Maduro, Matt Spetalnick, Marianna Parraga, Mayela Armas, Vivian Sequera, Josie Kao, Lisa Shumaker Organizations: REUTERS, Rights, Venezuelan, U.S . Department of, Treasury, Treasury Department, U.S . State Department, Reuters, Washington, Biden, Thomson Locations: Miraflores, Caracas, Venezuela, Venezuelan, U.S

☆ Exclusive: US easing Venezuela oil sanctions after election deal -official
▼ + stars: | 2023-10-18 | by ( Matt Spetalnick | ) www.reuters.com time to read: +4 min

Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. The U.S. imposed tough sanctions on Venezuela to punish President Nicolas Maduro's government following his 2018 re-election, which the U.S. and other Western governments rejected as a sham. Since 2019, U.S. sanctions have banned state-run oil company PDVSA from exporting to its chosen markets. The official warned, however, that U.S. decisions on relaxed sanctions would depend on Maduro complying with the latest agreement and working toward free and fair elections. Some opposition figures told Reuters on Monday they doubt Maduro's administration will follow through on the election pledges.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Joe Biden's, Nicolas Maduro's, Biden, Donald Trump's, We're, Maria Corina Machado, Maduro, Matt Spetalnick, Marianna Parraga, Mayela Armas, Josie Kao Organizations: REUTERS, Rights, Venezuelan, U.S . State Department, Reuters, U.S, EIA, Biden, Thomson Locations: Miraflores, Caracas, Venezuela, U.S, Maduro, Caribbean, OPEC, The U.S, Barbados, BARBADOS

[1/2] Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. It was not immediately known how soon the U.S. might act or how far it could go with sanctions relief. U.S. sources have also said any relaxation of sanctions would be reversible if Maduro fails to meet his election commitments. Maduro, president since 2013, is expected to run for re-election but has not yet formalized his candidacy. The U.S. imposed sanctions on Venezuela to punish Maduro's government following a 2018 election that Washington considered a sham.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Joe Biden's, Maduro, Maria Corina Machado, Jorge Rodriguez, Rodriguez, Gerardo Blyde, Machado, Maduro's, Washington, Deisy Buitrago, Vivian Sequera, Matt Spetalnick, Julia Symmes Cobb, Will Dunham, Josie Kao Organizations: REUTERS, Rights, European Union and United Nations, Reuters, U.S, Petroleum, Thomson Locations: Miraflores, Caracas, Venezuela, Rights CARACAS, WASHINGTON, U.S, Washington, Maduro, Barbados, Qatar, Houston

The negotiations, meant to provide a way out of Venezuela's long-running political and economic crisis, will take place in Barbados. The U.S. State Department celebrated the announcement of the return to talks but did not mention sanctions relief. Some members of the opposition said on Monday that they doubted Maduro would follow through on his promises. But with no substantial investment in Venezuela's oil sector for over a decade, any real oil output increase will take time, according to analysts. The return to talks between Maduro's government and the opposition was announced in a statement published by Norway, an observer.

Persons: Elvis Hidrobo Amoroso, Jesus Maria Casal, Venezuela's, Leonardo Fernandez Viloria, Nicolas Maduro, Joe Biden's, Donald Trump's, Maduro, Maria Corina Machado, Maurel, PDVSA, Maduro's, Washington, Biden, John Barrasso, Mayela Armas, Matt Spetalnick, Marianna Parraga, Julia Symmes Cobb, David Gregorio Our Organizations: Electoral Council, Primary Commission, REUTERS, Rights, U.S . State Department, Reuters, U.S, Republican U.S, United Nations, Thomson Locations: Caracas, Venezuela, Rights CARACAS, WASHINGTON, HOUSTON, Washington, U.S, Maduro, Barbados, United States, Venezuelan, The U.S, Qatar, China, Russia, Cuba, Ukraine, OPEC, America, Norway, Houston

Any U.S. action would come only after Venezuela's opposition and Maduro's representatives sign an agreement under which he commits to a presidential election date and to the lifting of bans on some opposition candidates, these two sources said. It would also allow participation of opposition figures who are currently barred from holding office, the source added. Reuters reported last week, citing five sources, that Venezuela and the United States had progressed in talks that could allow at least one additional foreign oil firm to take Venezuelan crude oil for debt repayment if Maduro resumed negotiations with the opposition. Two of those sources had named France's Maurel & Prom (MAUP.PA), a joint venture partner with Venezuela state-run oil company PDVSA, as a possible recipient of a comfort letter. The return to talks was announced in a statement published by Norway, an observer of the talks, which are meant to provide a way out of Venezuela's long-running political and economic crisis.

Persons: Elvis Hidrobo Amoroso, Jesus Maria Casal, Venezuela's, Leonardo Fernandez Viloria, Nicolas Maduro, Maduro, Maduro's, Maurel, Maria Corina Machado, Mayela Armas, Matt Spetalnick, Marianna Parraga, Julia Symmes Cobb Organizations: Electoral Council, Primary Commission, REUTERS, Rights, Reuters, Thomson Locations: Caracas, Venezuela, Rights CARACAS, WASHINGTON, United States, Washington, Barbados, U.S, mull, Israel, Norway, Houston

The opposition considers the bans unlawful, and Washington has rejected any roadblocks to opposition candidates' race to the presidency. The agreement to be signed on Tuesday would lift all public office bans, one opposition source told Reuters, but its wording is too vague to inspire confidence that Maduro will honor the deal. Four other opposition sources agreed, with one saying the deal was largely negotiated by the United States. "We all have our doubts, but we're exhausting our options," said another opposition source. The U.S., which is expected to loosen some sanctions in recognition of the government-opposition deal, will act only once the deal has been signed, sources told Reuters on Monday.

Persons: Nicolas Maduro, Venezuela Milton Rengifo, Leonardo Fernandez Viloria, Maria Corina Machado, There's, Maduro, What's, Benigno Alarcon, Andres, Alarcon, it's, Marianna Parraga, Mayela, Deisy Buitrago, Julia Symmes Cobb, David Gregorio Our Organizations: REUTERS, Rights, Reuters, Maduro's, United, Andres Bello Catholic University, Mayela Armas, Thomson Locations: Venezuela, Miraflores, Caracas, Rights CARACAS, HOUSTON, Barbados, Washington, United States, U.S, Doha, Houston

Search resuls for: "MARIA CORINA MACHADO"

25 mentions found