Donnerstag, 10. März 2022

Meanwhile, Maduro earlier this week said the meeting with the U.S., which lasted around two hours, was "respectful, cordial and very diplomatic."

 

White House denies it’s discussing oil and sanctions with Maduro

Picture of Nicolas Maduro
Photo: Federico Parra/AFP via Getty Images

The White House claims there is "no dialogue" about oil or sanctions underway with Nicolás Maduro's regime in Venezuela, even as U.S. officials made a rare trip to Caracas on Saturday at a time when the administration is scrambling to increase global oil production.

Driving the news: Maduro released two American hostages this week following the meeting, potentially heralding a thaw in relations. But the reengagement with Maduro has sparked backlash from some lawmakers in Washington, who fear President Biden is about to relax sanctions to get more Venezuelan oil onto the market.

A senior Biden administration official told reporters on Wednesday that the talks had only two objectives: to secure the release of the detainees, and to urge the regime to return to the negotiating table with the Venezuelan opposition.

  • "There is no dialogue between us and the regime.  Dialogue really has to be between the Venezuelan people on the future of the country.  And we’ve made clear that we are ready to lift international pressure on the basis of progress at those talks," the senior administration official said.
  • White House Press Secretary Jen Psaki reiterated Thursday that "there is not currently, at this moment, an active conversation about importing their oil."

Between the lines: The war in Ukraine and Biden's decision to ban oil, gas and coal from Russia are causing gas prices to spike, and forcing the U.S. to reappraise its relations with other controversial oil producers, such as Saudi Arabia.

  • Venezuela's oil production has fallen sharply due to U.S. sanctions and mismanagement of the sector by Maduro, but it is one of the few countries that could significantly ramp up supply.

The other side: The U.S. still recognizes Juan Guaidó as the legitimate president of Venezuela, not Maduro.

  • Guaidó's interim government released a statement on Wednesday thanking the U.S. for its help in trying to restart the negotiations but arguing that sanctions shouldn't be lifted until there are "actual advances towards democracy and Venezuela's freedom."
  • "The easing of any sort of pressure, if it is not oriented towards democratization, will only strengthen the authoritarianism that today threatens the world," the statement said.

Meanwhile, Maduro earlier this week said the meeting with the U.S., which lasted around two hours, was "respectful, cordial and very diplomatic."

  • "We discussed issues of maximum interest for Venezuela and the world," he added, and agreed to "advance an agenda that will allow for the welfare and peace of the countries in our hemisphere."
  • He didn't say exactly what was discussed

Keine Kommentare:

Kommentar veröffentlichen

Gabon Bonds Post Biggest Selloff in Year After IMF Flags Debt Woes By Ray Ndlovu April 15, 2026 at 1:22 PM GMT+2 Save Translate Listen 2:20 Takeaways by Bloomberg AI Hide Gabon’s dollar bonds sold off after the International Monetary Fund’s latest report indicated the country is facing worse budget pressures than expected. The country's dollar-denominated bonds were the worst performers across emerging markets, with its notes due in 2031, 2031, and 2029 shedding more than 2.5 to three cents. The IMF report projected Gabon’s deficit at 10% this year, compared to last year’s 8.5%, with the gap expected to widen further to 11.2% in 2027 and to 12% in 2028. Gabon’s dollar bonds sold off the most in more than a year after the International Monetary Fund’s latest report indicated the country is facing worse budget pressures than expected. The central African nation’s three dollar-denominated bonds were the worst performers across emerging markets on Wednesday, bucking positive sentiment spurred elsewhere by hopes of a peace deal in the Middle East. Its notes due February 2031 fell more than three cents to trade at 84.97 cents on the dollar as of 12:15 a.m. in London, according to CBBT composite pricing. The yield jumped to 10.7%, having fallen into the single digits earlier this week for the first time since late 2024. Securities maturing July 2031 and in 2029 shed more than 2.5 cents, while Gabon’s yield spread over Treasuries widened by 86 basis points to 760 basis points, according to indicative intraday data from a JPMorgan Chase & Co index. Gabon's Dollar Bond Drops on Budget Fears Bonds had risen on higher oil, IMF deal hopes Note: CBBT composite pricing data used Source: Bloomberg The selloff follows the release of the IMF’s World Economic Outlook report which showed a worsening financial position in Gabon. While Gabon — a member of the Organization of the Petroleum Exporting Countries — benefits from higher oil prices, the report projected the country’s deficit at 10% this year, compared to last year’s 8.5%. The gap is expected to widen further to 11.2% in 2027 and to 12% in 2028, according to the IMF. These projections are wider than what Gabon had previously revealed, said Leo Morawiecki, an emerging markets analyst at Abrdn Investments Ltd. He noted that the new projections come shortly after Gabon formally requested an IMF program, and confirm investors’ fears it had been underclubbing its budget woes. “I always thought they were under reporting their fiscal and debt numbers,” Morawiecki said. “Gabon is now being transparent in the hope it will get them an IMF deal.” Read: Gabon’s Dollar Bonds Rally After Country Seeks New IMF Program Gabon is due to hold discussions about its financing program at this week’s IMF/World Bank Spring Meetings. President Brice Oligui Nguema had instructed his finance minister Thierry Minkoto in February to speed up efforts to secure the program over the next three months. The Next Africa newsletter runs every weekday. Sign up here for the newsletter, and subscribe to the Next Africa podcast on Apple, Spotify or anywhere you listen.bon

  Gabon Bonds Post Biggest Selloff in Year After IMF Flags Debt Woes By  Ray Ndlovu April 15, 2026 at 1:22 PM GMT+2 Save Translate Listen 2:...