Biden to Reimpose Sanctions on Venezuelan Oil and Gas

Some standalone licenses with the socialist nation will remain intact.

Venezuelan President Nicolás Maduro speaks during the closing campaign ahead of the referendum for the defense of the Essequibo territory, in Caracas, Venezuela, on Dec. 1, 2023. Pedro Rances Mattey/AFP via Getty Images

The Biden administration has decided not to renew the sanction-lifting general license with Venezuela.

Senior administration officials said on April 17 that the Nicolás Maduro regime in Venezuela failed to meet the conditions set in the Barbados Agreement signed in October 2023, specifically in ensuring free and fair elections later this year.