this post was submitted on 01 Feb 2024
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The US has reimposed economic sanctions against a Venezuelan state-owned mining company and says it could go on to reimpose further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week.

The US Treasury on Monday revoked General License 43, which had authorized dealings with mining conglomerate CVG-Minerven. The Treasury said US companies have until February 13 to wind down transactions that were previously authorized by that license.

While US economic sanctions against the mining company are unlikely to cause significant damage to the Venezuelan economy, the US State Department has crucially signaled it intends to renew oil and gas sanctions from April 18, if there’s no progress between Venezuela’s authoritarian president Nicolas Maduro and the opposition “particularly on allowing all presidential candidates to compete in this year’s elections,” it said in a statement.

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[–] rockSlayer@lemmy.world 14 points 9 months ago (1 children)

She wants to privatize huge swathes of the Venezuelan government and wants a Milei style capitalist "shock therapy". She's on record not only stating that helping poor people is bad, but defends the statement. She'd make a bad situation for the Venezuelan people far, far worse. Of fucking course she should be barred from running. The US should stop intervening in South America.

[–] quindraco@lemm.ee 11 points 9 months ago (3 children)

Barring people from running because you dislike their platform is as fascist as it gets.

[–] matcha_addict@lemy.lol 9 points 9 months ago (1 children)

What definition of fascism is it that prevents fascists from running for president?

[–] Xin_shill@lemm.ee 2 points 9 months ago

There is no need to be tolerant of the intolerant. They don’t abide by the social contract and don’t reap the benefits of it.

[–] rockSlayer@lemmy.world 7 points 9 months ago (6 children)

Should Trump be barred from running?

[–] twistypencil@lemmy.world 24 points 9 months ago (8 children)

Yes, because he violated his oath of office

[–] eskimofry@lemmy.world 5 points 9 months ago (3 children)

And that includes upholding the constitution. Not helping poor people kind of violates that in spirit right?

[–] twistypencil@lemmy.world 1 points 9 months ago

I have no idea what you mean by this, sorry

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[–] Wodge@lemmy.world 14 points 9 months ago (1 children)

Well not only does he have shitty policies, he did also attempt a coup. Which is why he should be barred from running.

Stop attempting the false equivalence, it's not working.

[–] Shyfer@ttrpg.network 5 points 9 months ago* (last edited 9 months ago)

Her party tried to rob a military arsenal, she was charged with a conspiracy and corruption, and so she can't run. It went through their courts. It all seems legal, considering people in the US can't run for similar reasons. It might be corrupt, idk, but the US doesn't have a leg to stand on with corrupt courts. Why sanction other countries, which always affects the regular citizens, for this stuff we can't even figure out ourselves?

[–] gedaliyah@lemmy.world 2 points 9 months ago (8 children)

Yes, because he has been impeached and indicted multiple times for charges related to violations of the oath of office of the presidency.

What are Machado's crimes that she should be barred?

[–] Shyfer@ttrpg.network 4 points 9 months ago* (last edited 9 months ago)

From what I can tell, conspiracy (against the government), inciting violent protests, and corruption. It's weird they don't say it in the article. But she says the protests were supposed to be peaceful and some of the conspiracy evidence was faked, which it might be, idk, I wasn't in the court room.

But considering the US is still doing shit like this, I could see why they have to be paranoid.

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[–] njm1314@lemmy.world 7 points 9 months ago (1 children)

Oh yeah more sanctions for trouble areas. Surely this will help our immigration problem

[–] matcha_addict@lemy.lol 1 points 9 months ago

What immigration problem?

[–] matcha_addict@lemy.lol 4 points 9 months ago (1 children)

Oh, you're a victim of a government we deem undemocratic? We'll further suffocate you economically then!

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[–] BlackSkinnedJew@lemmynsfw.com 3 points 9 months ago

Expect more Venezuelans crossing the border then.

[–] autotldr@lemmings.world 2 points 9 months ago (11 children)

This is the best summary I could come up with:


Venezuela’s Vice President Delcy Rodríguez described the move as “blackmail” on Tuesday, warning that Caracas would stop cooperating in repatriation flights for Venezuelan migrants from the US if Washington’s “economic aggression” intensifies.

In October, the Biden administration lifted general economic sanctions targeting Venezuela’s mining and oil industries, in support of an agreement struck in Barbados between Maduro and the opposition to hold free and fair elections in 2024.

Earlier on Monday, White House’s spokesperson John Kirby had said Maduro had until April to return to the negotiating table and commit to what was agreed last year, including holding free elections where all candidates are allowed to run, or sanctions could be reimposed.

It also has the potential to impact the US domestic gas market because several US companies, including Chevron, operate in Venezuela and Venezuelan crude is regularly exported to refineries in the US Gulf Coast, data from the US Energy Information Administration show.

In an interview with CNN’s Isa Soares on Tuesday, Machado warned millions more Venezuelans could flee the country if Maduro doesn’t comply with commitments to hold free elections.

Machado also commented on Rodríguez’s warning that Venezuela could stop cooperating on repatriation flights, saying, “You can imagine that it breaks my heart to see our people being used in such a hard and unlawful way.


The original article contains 555 words, the summary contains 218 words. Saved 61%. I'm a bot and I'm open source!

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[–] psychothumbs@lemmy.world 2 points 9 months ago

I don't think they should have barred Machado from running, but I also don't think the US should sanction them over it. American meddling never improves this sort of situation, especially when in the form of hurting a country's economy.

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