Promises, Promises...

Timothy Birdnow

Biden is going to let sanctions against the communists in Venezuela expire.

US to ease Venezuela oil, gas sanctions after election deal

So we will cement these bolsheviks in power to get a temporary drop in gs prices for the upcoming election.

The United States will ease some oil and gas sanctions against Venezuela after the South American country's government and opposition agreed to hold elections next year.

In response to those "democratic developments," the US Treasury Department "has issued General Licenses authorizing transactionsinvolving Venezuela's oil and gas sector andgold sector," and is "removing the ban onsecondary trading" in debt securities, a statement from undersecretary for terrorism Brian Nelson said Wednesday.

But it also said that those authorizations could be amended or revoked at any time if the electoral deal falls through.

"Let's turn the page, let's rebuild a relationship of respect, of cooperation... this is my message to those in power, and to the government of the United States," Venezuelan President Nicolas Maduro said, while also calling for a definitive end to the sanctions.

To uphold the agreement, the United States warned Venezuela that it must "define a specific timeline and process for the expedited reinstatement of all candidates" by the end of November, US Secretary of State Antony Blinken said.

"All who want to run for president should be allowed the opportunity," he said in a statement.

The agreement between Washington and Caracas comes just a day after the Venezuelan government and opposition reached a deal in Barbados -- mediated by Norway -- to hold elections in late 2024.

But that accord allows for the exclusion of certain candidates under Venezuelan law, which would include opposition frontrunner Maria Corina Machado.

Does that last surprise anyone? Caracas will do what it pleases and Biden will already have given them concrete things. This is a case of offering concrete economically valuable things for a promise of better behavior in future.

I really don't believe these people are that thick.

Posted by: Timothy Birdnow at 09:38 AM | No Comments | Add Comment
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