Maduro refuses to bow to US energy sanctions, declaring Venezuela’s independence

Washington has confirmed that sanctions against the Bolivarian revolution will resume due to the non-compliance with the Barbados Agreements between the government and opposition. Nicolás Maduro responded defiantly, stating that they are not anyone’s colony and that the empire’s attempts to harm them will harm itself. The first consequences of this decision were the termination of the immigration agreement with the United States by the Venezuelan government and threats of “capital punishment” for the opposition leader, María Corina Machado, if she were imprisoned in the United States.

The dismantling of the general license 44 on oil and gas transactions, which was decreed last October after commitments to free and fair elections, will be carried out gradually. Foreign companies have until May 31 to close all energy production and export operations in Venezuela. The US retains the possibility of approving certain licenses for companies already operating in Venezuela as part of the pressure on Maduro to allow the nomination of an opposition candidate. Since the relaxation of the energy embargo in October, oil production by Petroleos de Venezuela (PDVSA) has fluctuated.

The US announcement comes before the deadline set by the National Electoral Council for the change of presidential nominations, which have been manipulated to favor the controversial governor Manuel Rosales. The opposition is facing challenges in agreeing on a unitary candidate, while Chavismo seems comfortable with the current scenario. Sanctions are seen as a way to maintain pressure on Maduro and narrow the electoral route.

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