(Reuters) – The United States is reviewing its sanctions policy against Venezuela after a court upheld a ban which prevents presidential candidate Maria Corina Machado from holding office, the State Department said on Saturday.

The ruling by Venezuela’s Supreme Justice Tribunal on Friday means Machado, a 56-year-old industrial engineer, cannot register her candidacy for presidential elections scheduled for the second half of 2024.

“The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society,” State Department spokesman Matthew Miller said in a statement.

The United States eased economically debilitating oil sanctions on the crude-exporting country in October after President Nicolas Maduro’s government signed a deal with the opposition under which Caracas made commitments to hold a free and fair 2024 presidential election.

Miller said the court ruling was a “deeply concerning decision” that ran contrary to the commitments made by Maduro to allow all parties to select their candidates for the presidential election.

Maduro on Thursday said the deal with his opponents was in danger of collapse after what he has described as “conspiracies” against him.

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version