US softens sanctions on Venezuela after ‘democratic developments’

By Conrad Hoyt

Published October 19, 2023 5:02am ET

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US softens sanctions on Venezuela after ‘democratic developments’ — Venezuelan President Nicolas Maduro speaks during a meeting with Saint Lucia's Prime Minister Philip Joseph Pierre at the Miraflores presidential palace in Caracas, Venezuela, on Friday, Oct. 6, 2023. | (AP Photo/Matias Delacroix)

The United States has eased several sanctions against Venezuela after President Nicolas Maduro and his opposition came to an agreement on guidelines before the country’s next presidential election that the U.S. considered “democratic developments.”

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Nicolas Maduro Sanctions Treasury Department Venezuela