Is Biden Preparing To Ease Restrictions On Venezuelan Oil?

Biden is expected to take a more humanitarian and diplomatic approach with a focus on targeted sanctions, especially when it is considered that there is substantial evidence indicating the previous administration’s hard-line approach has failed. By the end of 2020, Maduro had taken control of the National Assembly, the last government institution not under his control, winning 256 out of 277 seats in the legislative body during the December 2020 elections. That saw opposition leader Juan Guaidó lose his position as the legislative body’s leader. As a result, despite not acknowledging the legitimacy of the election, the European Union’s 27 member states ceased recognizing Guaidó as Venezuela’s interim president. This has significantly undermined his standing as the leader of Venezuela’s opposition and internationally recognized interim president. By Matthew Smith. Full Text -> OilPrice

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