Wednesday, August 10, 2022

US rejects Maduro’s plea to lift sanctions on Venezuela: report

President Joe Biden’s administration rejected a petition by Venezuela’s illegitimate dictator, Nicolas Maduro, to lift sanctions imposed by President Joe Biden on his socialist regime, according to a State Department spokesman who spoke to him. . bloomberg on condition of anonymity.

The State Department did not respond to a request to confirm the statement. The department had previously said that the Biden administration has no plans to lift the ban.

In an interview with Bloomberg last week, Maduro called on Biden to lift US sanctions and end “Venezuela’s demonetisation.” A State Department spokesman rejected the request, saying Maduro needed to do more to restore democracy before the United States could make any change in policy.

The spokesman said the United States still views Maduro as an illegitimate president and only recognizes Guaidó as interim leader.

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Former President Donald Trump imposed severe sanctions on Venezuela during his tenure in response to an election deemed rigged by the United States. Trump recognized Juan Guaido as Venezuela’s interim president after the election – a move that was followed by a large number of free world leaders.

A State Department spokesman told Bloomberg that Maduro would have to engage with Guaidó, resolve the country’s political impasse, restore economic and political independence, and be independent before the Biden administration could consider lifting any sanctions. And the ground work has to be done for fair elections.

The spokesman said the United States would work with its allies to keep pressure on Venezuela as long as “repression and corrupt practices” by Maduro and his operatives continue.

During a Bloomberg interview, Maduro said that his “government” has no communication with the United States. He blamed the silence on “permanent extortion” by Venezuelan voters in Florida.

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Under Trump, the United States banned Maduro’s Venezuela from American financial markets and prohibited trade in Venezuelan debt. Washington also banned business transactions with the state-owned oil company Petroleos de Venezuela.

Maduro claimed in interviews that the sanctions were preventing Venezuela from paying off its foreign debt, adding that he had plans to pay back bond holders. A State Department spokesman said Maduro’s inability to pay was due to economic mismanagement.

Venezuela was a thriving, oil-rich nation before Maduro and his predecessor implemented their crippling socialist policies. The ensuing economic crisis has left the country devastated, with millions struggling to meet basic living needs.



Nation World News Desk
Nation World News Desk
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