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Diego Moya-Ocampos, principal analyst, IHS Markit U.S. sanctions are likely against Venezuela’s oil sector after the 20 May presidential election in which incumbent President Nicolás Maduro secured re-election to extend the mandate of the ruling United Socialist Party of Venezuela (Partido Socialista Unido de Venezuela: PSUV) for six more years. In the poll, the PSUV took advantage of the control it exercises over the National Electoral Authority (Consejo Nacional Electoral: CNE) and the armed forces, but the opposition and the international community are not recognising the results under claims of electoral fraud. Maduro’s mandate is unlikely to be recognised by […]
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