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US to reimpose sanctions on Venezuela's oil and gas sector [Yahoo! Finance]
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Last October, citing commitments made by President Nicolas Maduro to hold such an election in 2024, the US Treasury Department issued a temporary authorization to allow transactions with the country's national oil and gas sector without fear of sanctions. That authorization, formally known as General License 44, was due to expire on Thursday and the administration had to decide whether the Venezuelan government was upholding those commitments, which were made under the “Barbados Agreement” between representatives of Maduro and members of the political opposition in Venezuela. According to a US senior administration official, the US “completed a very careful review” and determined that the Maduro government “has fallen short” in several key areas of the agreement. As such, the US will not renew the general license and the sanctions that had been lifted will come back into force in 45 days. “We were particularly concerned by the fact that the Venezuelan authorities also blocked
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