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Possible Russia oil embargo drives US outreach to Venezuela

March 7, 2022

Senior U.S. officials secretly traveled to Venezuela over the weekend in a bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could mitigate the fallout at the pump from a possible oil embargo on Russia.

The outcome of the talks with President Nicolas Maduro’s government wasn’t immediately clear.

The surprise visit came together after months of quiet backchannelling by intermediaries — American lobbyists, Norwegian diplomats and international oil executives — who have been pushing for Biden to revisit the failed “maximum pressure” campaign to unseat Maduro he inherited from the Trump administration.

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