IBOV 171,880.69 ▲ 0.32% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.66▲ 0.25% USD/MXN18.55▼ 0.30% USD/CLP999.22▲ 0.38% USD/COP3,312▲ 1.00% USD/PEN3.39▼ 0.46% USD/ARS1,547▲ 0.11% USD/UYU40.52▲ 2.14% USD/PYG6,185▲ 2.16% USD/BOB11.60▼ 0.28% USD/DOP60.61▲ 1.88% USD/CRC445.25▲ 0.47% USD/GTQ7.65▲ 2.13% USD/HNL26.90▲ 2.13% USD/NIO36.62▲ 1.57% USD/VES909.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.73▲ 1.21% EUR/BRL6.25▲ 1.04% BRENT 96.74 ▲ 0.96% WTI 89.08 ▲ 0.38% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.48% GOLD 3,885 ▼ 0.02% SILVER 49.73 ▼ 0.48% SOY 1,232 ▲ 0.41% CORN 446.00 ▲ 0.79% WHEAT 590.75 ▲ 1.11% COFFEE 276.20 ▼ 1.43% SUGAR 18.44 ▲ 1.21% ORANGE JUICE 140.10 ▼ 0.60% COTTON 83.18 ▲ 5.73% COCOA 5,311 ▲ 4.84% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.84 ▲ 0.31% VALE3 64.03 ▲ 0.13% ITUB4 41.98 ▲ 0.72% BBDC4 14.31 ▼ 0.07% ABEV3 15.74 ▼ 0.06% BBAS3 15.12 ▼ 2.33% B3SA3 14.57 ▼ 1.29% WEGE3 51.74 ▲ 0.17% PRIO3 63.30 — 0.00% SUZB3 55.68 ▼ 0.64% RENT3 30.03 ▲ 1.52% AZZA3 16.61 ▼ 1.72% CSAN3 3.00 ▲ 5.26% RAIZ4 20.00 ▼ 6.67% PCAR3 2.38 ▼ 0.42% GMAT3 4.07 ▲ 5.99% PSSA3 45.92 ▼ 0.04% CVCB3 0.84 — 0.00% POSI3 3.32 ▼ 1.48% SLCE3 18.54 ▲ 0.98% NATU3 5.24 ▼ 1.69% BRKM5 3.17 ▲ 3.26% RANI3 8.20 ▲ 0.24% CSNA3 4.06 ▼ 4.02% IBOV 171,880.69 ▲ 0.32% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.66 ▲ 0.37% USD/MXN 18.55 ▼ 0.26% USD/CLP 999.11 ▲ 0.36% USD/COP 3,314 ▲ 1.05% USD/PEN 3.40 ▼ 0.14% USD/ARS 1,547 ▲ 0.11% USD/UYU 40.52 ▲ 2.14% USD/PYG 6,185 ▲ 2.16% USD/BOB 11.60 ▼ 0.28% USD/DOP 60.61 ▲ 1.88% USD/CRC 445.25 ▲ 0.47% USD/GTQ 7.65 ▲ 2.13% USD/HNL 26.90 ▲ 2.13% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.26 ▲ 1.12% BRENT 96.74 ▲ 0.96% WTI 89.08 ▲ 0.38% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.48% GOLD 3,885 ▼ 0.02% SILVER 49.73 ▼ 0.48% SOY 1,232 ▲ 0.41% CORN 446.00 ▲ 0.79% WHEAT 590.75 ▲ 1.11% COFFEE 276.20 ▼ 1.43% SUGAR 18.44 ▲ 1.21% ORANGE JUICE 140.10 ▼ 0.60% COTTON 83.18 ▲ 5.73% COCOA 5,311 ▲ 4.84% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.84 ▲ 0.31% VALE3 64.03 ▲ 0.13% ITUB4 41.98 ▲ 0.72% BBDC4 14.31 ▼ 0.07% ABEV3 15.74 ▼ 0.06% BBAS3 15.12 ▼ 2.33% B3SA3 14.57 ▼ 1.29% WEGE3 51.74 ▲ 0.17% PRIO3 63.30 — 0.00% SUZB3 55.68 ▼ 0.64% RENT3 30.03 ▲ 1.52% AZZA3 16.61 ▼ 1.72% CSAN3 3.00 ▲ 5.26% RAIZ4 20.00 ▼ 6.67% PCAR3 2.38 ▼ 0.42% GMAT3 4.07 ▲ 5.99% PSSA3 45.92 ▼ 0.04% CVCB3 0.84 — 0.00% POSI3 3.32 ▼ 1.48% SLCE3 18.54 ▲ 0.98% NATU3 5.24 ▼ 1.69% BRKM5 3.17 ▲ 3.26% RANI3 8.20 ▲ 0.24% CSNA3 4.06 ▼ 4.02%
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Friday, November 13, 2026

Colombian president asks Biden to end sanctions on Venezuela if electoral progress is made

By · · 2 min read

Colombian President Gustavo Petro proposed on Thursday (20) to US President Joe Biden a strategy of progressively revoking sanctions against Venezuela as the country governed by Nicolás Maduro progresses on electoral issues.

“A strategy has been put on the table: first to hold elections and then to repeal the sanctions.”

“Or gradually, to the extent that an electoral agenda is met, those sanctions will also be revoked,” Petro told reporters at the White House in Washington, where he met with Biden.

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In a meeting with Biden at the White House, the Colombian president suggested the lifting of sanctions after the Venezuelan elections or according to an electoral agenda
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The Colombian president revealed that he had proposed a “two-track” process in parallel.

One would be lifting US sanctions against Venezuela, and the other a timetable for elections with guarantees in the South American country and its return to the Inter-American Human Rights System.

Petro’s idea is that these two aspects are linked and move forward in parallel until they reach a point where the Venezuelan people can “decide, freely, without pressure and sanctions, their destiny.”

The Biden administration has been open to lifting sanctions against Venezuela, but only if concrete steps are taken toward free and fair elections, human rights are strengthened, and corruption is fought.

Sanctions on Venezuela have been strengthened under Donald Trump (2017-2021) with economic restrictions against several Venezuelan officials, including the son of the country’s dictator, Nicolás “Nicolasito” Ernesto Maduro Guerra, and limits on US operations of Petróleos de Venezuela (PDVSA), Caracas’ main source of foreign currency.

Biden has maintained many of these sanctions. However, in November last year, he authorized the oil company Chevron to resume extraction operations in Venezuela on a limited basis.

Colombia will host an international conference on Venezuela next Tuesday, at which sanctions will be on the agenda, and attempts will be made to revive dialogue between chavismo and the opposition, which has been stalled since November 2022.

Neither the opposition nor the government of Nicolás Maduro will attend the conference, which will be attended by foreign ministers from some 20 countries, Petro said Thursday.

With information from EFE

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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