Senate Bill Could Set Conditions on Venezuela Sanctions Removals
A new Senate bill could condition the removal of U.S. sanctions against Venezuela based on a “standards-based transition to democratic order.” The bill, introduced by Sens. Jim Risch, R-Idaho, and Marco Rubio, R-Fla., would maintain “current sanctions” on Venezuela “until there is a transition to democracy” and would require the U.S. to assess whether President Nicolas Maduro's regime should be designated as a Foreign Terrorist Organization or a Specially Designated Global Terrorist. The bill also “reaffirms” that U.S. aid to Venezuela shouldn’t be restricted “except if there is a risk such aid could be used to torture or in activities related to illicit narcotics and mining.”
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The bill comes several weeks after the U.S. granted a license to allow Chevron to resume certain oil activities in Venezuela (see 2211280042). The license was issued in an effort to support the newly restarted negotiations between Maduro’s regime and the country’s opposition party.