US and Venezuela Conduct Prisoner Swap in Bid to Normalize Ties
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The US and Venezuela conducted a prisoner swap on December 20th, releasing 10 American citizens and 20 Venezuelan political prisoners. This is part of broader efforts to normalize relations between the two countries.
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The prisoner exchange shows a willingness by both governments to progress in normalizing relations beyond just the individuals released. President Biden said it shows Venezuelan President Maduro is keeping his commitment on free elections.
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The US freed Alex Saab, a Venezuelan businessman accused of money laundering and corruption, in exchange. Saab is seen as an important ally of President Maduro. His release signals Maduro's commitment to defending his allies.
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The Biden administration has strategic reasons to rebuild relations with Venezuela, including needing its oil on global markets, reducing illegal immigration by Venezuelans, and limiting Venezuela partnerships with US rivals.
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As part of normalization efforts, Venezuela's Supreme Court is reviewing the disqualification of opposition presidential candidate Maria Corina Machado. This resulted from US pressure and October's Barbados Accords between Venezuela's government and opposition.