(Bloomberg) -- The Biden administration has no plans to change its sanctions policy toward Venezuela without positive actions from President Nicolas Maduro’s government, the National Security Council said after a report that the US would scale down restrictions affecting Chevron Corp.“Our sanctions policy on Venezuela remains unchanged,” NSC spokeswoman Adrienne Watson said in a statement. “We will continue to implement and enforce our Venezuela sanctions. As we have previously made clear, we wi
The Biden administration is preparing to scale down sanctions on President Nicolás Maduro’s authoritarian regime to allow Chevron to resume pumping oil there, according to people familiar with the proposal.
The United States has no plans to change its Venezuela sanctions policy "without constructive steps" from Venezuelan President Nicolás Maduro to restore democracy, White House National Security Council Spokesperson Adrienne Watson said on Wednesday. The newspaper reported that in exchange for the sanctions relief, Maduro's government would resume talks with the country's opposition to discuss conditions needed to hold free and fair presidential elections in 2024.