https://www.wsj.com/articles/bidens-dance-with-venezuela-sanctions-oil-supply-maduro-amlo-import-climate-change-11652641749?mod=opinion_lead_pos2
Is the Biden Administration preparing to ease sanctions on Venezuela to increase the global supply of oil? The State Department denies it, but this is a potentially damaging U.S. policy shift that bears watching in Congress.
Mexican President Andrés Manuel López Obrador returned from a visit to Havana this month and announced the next day that the U.S. had agreed with Caracas to buy one million barrels of Venezuelan crude daily. This would require lifting U.S. sanctions that are designed to squeeze the dictatorship of Nicolás Maduro and help return the country to democracy.
A State Department official told us last week that the “current Venezuela-related sanctions remain in effect” and that “there are no changes or new agreements.” But Mr. López Obrador knows that U.S. engagement with Venezuela—and with Cuba—is a goal of many Democrats in Washington. He also knows that companies like Chevron are lobbying to ease sanctions so they can resume operating in Venezuela.
In March, Team Biden sent three representatives to Caracas to talk to Mr. Maduro. Venezuela later released two of more than a half-dozen American hostages it has been holding. The regime used the meeting to spread a propaganda message that Washington now recognizes its legitimacy. Rumors persist that back-channel talks continue.
Pressure to ease sanctions is also coming from the political left on Capitol Hill. Last week 18 Democrats wrote to President Biden, asking him to do away with sanctions they call “one of the leading causes” of Venezuelan suffering. But the real leading cause is Mr. Maduro’s socialist policies that have generated hyperinflation, poverty, corruption and widespread malnutrition and produced millions of Venezuelan refugees.