Biden Once Again Turns to Venezuela for Oil After Shutting Down U.S. Leases
By Eric Lendrum
May 18, 2022
The Biden Administration is reportedly set to announce that it will lift several sanctions and other restrictions on Venezuela, allowing for the purchase of oil from the socialist dictatorship.
As reported by The Daily Caller, two anonymous administration officials said that the federal government will soon ease up some of the energy sanctions against the Latin American country, and will allow the American oil company Chevron to enter into negotiations to purchase oil from the state-owned firm PDVSA. In return for the lifting of sanctions, dictator Nicolas Maduro has tentatively agreed to talks with opposition leader Juan Guadio, who has claimed that Maduro’s rule is illegitimate and that he is the rightful president of Venezuela.
The agreement was made “on the basis of ambitious, concrete and irreversible outcomes that empower the Venezuelan people to determine the future in their country through democratic elections,” according to one of the officials.
Biden’s decision marks yet another reversal of widely-praised Trump-era policy, during which the government imposed a round of new sanctions on the Venezuelan regime, which has been accused of political suppression and the elimination of individual rights, while the population starves due to deliberate government mismanagement and corruption. In 2019, sanctions imposed by the Trump Administration aimed to reduce Venezuela’s oil exports by as much as $11 billion. As a result, the U.S. has not imported oil from Venezuela since May of 2019.
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https://amgreatness.com/2022/05/18/biden-once-again-turns-to-venezuela-for-oil-after-shutting-down-u-s-leases/
