Negotiations Resume to Resolve the Crisis in Venezuela
Negotiations Resume to Resolve the Crisis in Venezuela

Author(s): Bartłomiej Znojek
Subject(s): Politics, Economic policy, Environmental and Energy policy, International relations/trade, Security and defense, Peace and Conflict Studies
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Venezuela; crisis; negotiations; oil; USA;
Summary/Abstract: The meeting of representatives of the Venezuelan government and the opposition on 26 November in Mexico City marked a return to formal negotiations on overcoming the crisis in Venezuela. The parties agreed to establish a humanitarian fund and announced talks on presidential elections in 2024, among other issues. In response, the U.S. announced a conditional relief of sanctions on the Venezuelan oil sector. Further lifting of restrictions, depending on concessions from the regime of Nicolás Maduro, may be important for the global oil market, although only in a few years’ time.

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