The United States has begun reimposing sanctions on Venezuela by restricting its mining sector after the South American nation’s top court upheld the disqualification of an opposition presidential hopeful.
Any US companies doing business with Venezuela’s state-owned mining concern Minerven have until February 13 to complete a “wind down of transactions” with the company, the US Treasury’s Office of Foreign Assets Control said on Monday,
The US warned Venezuela at the weekend that it could end some sanctions relief granted last year when Caracas agreed to a deal for elections in 2024, including setting up a process for would-be candidates to challenge their disqualification.
On Friday, Venezuela’s Supreme Court, loyal to President Nicolas Maduro’s government, upheld a 15-year ban on opposition leader Maria Corina Machado and also confirmed the ineligibility of her possible replacement, two-time presidential candidate Henrique Capriles.
Credit: aljazeera.com
