Skip to content

Venezuela to Restart Opposition Talks, Hoping US Eases Curbs

  • Maduro, opponents to reopen negotiations in Mexico on Nov. 26
  • Venezuela could ramp up oil output if sanctions are eased
Nicolas Maduro
Nicolas MaduroPhotographer: Gaby Oraa/Bloomberg
Updated on

Venezuela’s government and opposition agreed to restart talks this weekend, ending a yearlong standoff and potentially opening the door for the US to ease oil sanctions, according to people familiar with the situation. 

President Nicolas Maduro and an opposition coalition will send delegates to Mexico to reopen negotiations starting Nov. 26, according to the people, who asked for anonymity as the process has not been formally announced. The talks will include conditions for Venezuela’s 2024 presidential elections and could unlock $2.7 billion of government funds currently frozen by sanctions, they said.