The United States announced the expiration of General License 44, which allowed transactions related to oil or gas sector operations in Venezuela. Effective as of 12:01 AM on April 18, the decision comes after a review of Venezuela’s current situation.
In their assessment, US officials concluded that Nicolas Maduro and his representatives have not fully fulfilled the commitments outlined in the electoral roadmap agreement signed in Barbados in October 2023. While acknowledging some progress, concerns remain regarding the obstruction of the democratic process, including the prevention of opposition candidates from registering, harassment of political opponents, and the detention of political actors and members of civil society.
The United States reiterated its call for Maduro to ensure the inclusion of all candidates and parties in the electoral process and to release political prisoners without delay. To facilitate an orderly transition following the expiration of General License 44, the US will issue a 45-day wind-down license. Requests for specific licenses to continue activities beyond this period will be evaluated on a case-by-case basis by the Treasury’s Office of Foreign Assets Control.
The US reaffirmed its commitment to supporting the aspirations of Venezuelans for a more democratic, stable, and prosperous country. Alongside international partners, they urge Maduro to adhere to all commitments outlined in the Barbados Agreement’s electoral roadmap.
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