Iran (IMNA) - Kan'ani denounced this move as a direct violation of the UN Charter and international law, accusing the US of using sanctions as a means to interfere in the internal affairs of other nations. He further emphasized that such actions would only serve to strengthen the resolve and collaboration among independent countries in resisting interventionist policies.
US Threatens to Reinstate Sanctions on Venezuela's Oil Sector in Response to Opposition Disqualification
The US Treasury's Office of Foreign Assets Control issued a statement on Monday, warning that it may reimpose sanctions on Venezuela's oil sector. This comes just days after Venezuela's Supreme Court upheld the disqualification of an opposition presidential hopeful. The statement specifically mentioned that any US companies engaged in business with Venezuela's state-owned mining company, Minerven, must complete a "wind down of transactions" with the company by February 13.
The decision to potentially reinstate sanctions marks a departure from the Biden administration's previous stance. In response to a recent agreement between the Venezuelan government and opposition parties regarding the 2024 elections, the Biden administration had eased sanctions on Venezuela's oil sector. However, the latest ruling by the Supreme Court, which upheld a 15-year ban on opposition leader Maria Corina Machado and confirmed the ineligibility of her possible replacement, Henrique Capriles, has prompted the US to reconsider its position.
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