
The United States expressed its willingness to ease sanctions on Venezuelas oil sector, potentially allowing more businesses and nations to import Venezuelan oil, provided Nicols Maduros government takes steps toward holding free and fair elections.A White House spokesperson stated, Should Venezuela take genuine actions to reinstate democracy, leading to the conduction of transparent elections, the United States would consider appropriate sanctions relief.While the United States position on linking sanctions relief to democratic reforms in Venezuela isnt new, the reaffirmation of this stance comes as the Venezuelan presidential elections, set for 2024, draw closer.The statement from President Joe Bidens administration also followed the launch of the Venezuelan oppositions primary election campaign.Photo Internet reproduction.The primaries, slated for October 22nd, will determine the candidate challenging the current regime in the 2024 elections.United States sanctions on Venezuela, particularly on its oil sector and key officials, were intensified during Donald Trumps tenure (2017-2021), including actions against the state-owned oil company, Petrleos de Venezuela (PDVSA), and Maduros son, Nicolasito Ernesto Maduro Guerra.While many of these sanctions persist under the Biden administration, a notable shift occurred last November when United States oil company Chevron received limited authorization to resume its extraction operations in Venezuela.