Hello, and welcome to the Latin America Weekly newsletter! In this issue: The U.S.-Venezuela rapprochement might be coming to an end. AMLO pushes for a pension reform bill that could add to Mexico’s fiscal deficit. And Congress dealt a first blow to Milei in Argentina.
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U.S. to resume sanctions on Venezuela after opposition ban
As The Brazilian Report anticipated, the electoral pact signed between Venezuela’s government and its opposition, with the U.S. officiating as a key arbiter by lifting sanctions in exchange for a clean contest, was always likely to collapse.
Driving the news. The gears now seem to be in motion after Venezuela’s top court disqualified right-winger María Corina Machado, who had won a landslide victory in the opposition’s primaries organized last year.
- In response, the U.S. State Department announced the reinstatement of a rule banning all U.S. entities from transacting with Venezuela’s state-owned gold mining firm Minervel, adding that oil and gas sanctions could also be reimposed soon.
👉 Why it matters. The incidents could mark the end of...