Things That Matter

The U.S. Offers To Lift Crippling Sanctions Against Venezuela In New Plan, But There’s A Major Catch

The coronavirus isn’t stopping the United States from continuing its maximum pressure campaign on Nicolás Maduro’s regime in Venezuela. 

For well over a year, Venezuela has suffered from a massive political crisis. President Nicolas Maduro clings to power as a growing number of foreign countries (including the U.S.) recognize his main competitor, Juan Guaidó, who has declared himself interim-President.

But as the country struggles to confront a growing Coronavirus pandemic, the international community is imploring the Trump administration to ease sanctions of the struggling nation. Many are concerned over its spread amid a collapsing health care system and a deep economic crisis, aggravated by U.S. sanctions and low oil prices.

The Trump administration is prepared to lift crippling sanctions on Venezuela in support of a new proposal to form a transitional government.

Credit: Kenneth Rapoza / Getty

However, getting both Maduro and Guaidó to buy into the plan – let alone millions of Venezuelans – will be an immense challenge. Nicolás Maduro and opposition leader Juan Guaidó would both have to step aside in favor of a five-person governing council, according to U.S. officials familiar with the plan.

Under the “democratic transition framework”, all political prisoners would be released, and all foreign – mostly Cuban – forces would leave. A five-member council would be selected, with two members chosen by the opposition, two by Maduro’s Socialist party, and the fifth member picked by the other four.

“The hope is that this set-up promotes the selection of people who are very broadly respected and known as people who can work with the other side,” the US special representative for Venezuela, Elliott Abrams, told the Associated Press.

The U.S. has long pushed for regime change in Venezuela and this could be a major step towards achieving this policy.

“The United States has long been committed to finding a solution to the manmade crisis in Venezuela,” the US secretary of state, Mike Pompeo, said.

“The urgency for this has become all the more serious in light of the Maduro regime’s failure to adequately prepare for and address the global Covid-19 pandemic. This framework demonstrates our commitment to helping Venezuela fully recover and ensures that the voice of the Venezuelan people is respected and included.”

The plan would mean the end of the Maduro regime and the likely withdrawal of his largest competitor.

Credit: Elizabeth Melimopoulos / Getty

Since early 2019, Venezuela has been in the throes of a political crisis with two clashing sides vowing to take back control of the country. Millions of people have poured into the streets in support of one side or the other – often resulting in violent flare ups that have left thousands dead.

But could the promise of zero sanctions against a struggling economy be enough to make the plan work?

Credit: @carmses_in / Twitter

The US and EU would then lift sanctions on the current leadership. Broader sanctions on the country’s oil business would be lifted after all foreign forces had left the country. All sanctions would be lifted after free elections, to be held within six to 12 months.

“The basic outline is simple: We call for a transitional government that would govern for nine to 12 months and hold free and fair presidential and parliamentary elections,” U.S. Special Representative for Venezuela Elliott Abrams told reporters Tuesday. “The United States will recognize the result of a free and fair election no matter which party wins.”

The proposal comes five days after the U.S. indicted Maduro and top members of his government and army for drug trafficking and money laundering.

The Department of Justice indicted Maduro and many of his right-hand men on a range of charges, all but guaranteeing they will not be part of any potential democratic transition in Venezuela down the line.

The indictment for crimes ranging from drug trafficking to corruption to narcoterrorism puts the spotlight on the horrendous acts Maduro and his associates have allegedly perpetrated.

In addition to giving the U.S. additional leverage over Maduro, the indictment also acts as an incentive for the 14 individuals charged along with him — and others close to him — to cooperate with U.S. authorities.

The plan has his critics on both sides of the aisle.

Skeptics of the plan said it provided few incentives for the incumbent officials to give up power, days after they were charged with serious offences and multimillion-dollar rewards put on their heads.

The ultimate focus must be on alleviating the suffering of the Venezuelan people, and though it will not be eased by these recent actions alone, the only way forward is to address the root causes of the crisis, starting with Maduro.

Notice any needed corrections? Please email us at corrections@wearemitu.com