US reimposes some sanctions on Venezuela over ban on opposition candidates

A little over three months after the Biden administration lifted most economic sanctions on Venezuela, they are reimposing some of them.

A little over three months after the Biden administration lifted most economic sanctions on Venezuela, they are reimposing some of them -- warning the regime of Nicolas Maduro that if he does not lift a ban on opposition candidates, they will reimpose the rest.

A National Security Council spokesperson confirmed Monday night that the Treasury Department has ended a waiver that authorized transactions with Venezuela's state-owned gold mining company, effective two weeks from now. They warn that the waiver for Venezuela's oil and gas sectors -- the strongest U.S. penalties -- will end in April "unless the Maduro [government] and his representatives in Venezuela are able to get back on track with allowing all presidential candidates to run."

"We have made clear that all who want to run for President should be allowed the opportunity, and are entitled to a level electoral playing field, to freedom of movement, and to assurances for their physical safety. It is up to Maduro and his representatives to correct course," the spokesperson said in a statement.

Last week, Venezuela's top court upheld a ban on Maria Corina Machado, the conservative opposition figure who is supposed to face off against Maduro in presidential elections later this year. That's a clear violation of the agreement reached in October between the Maduro government and the opposition -- a deal the U.S. backed by granting Maduro sanctions relief, until Monday's reimposition.