The U.S. imposed sanctions on Venezuela's state-owned oil company on Monday, which also apply to a joint venture with Nicaragua's state-owned oil company, ALBANISA.
Maduro said Wednesday he is willing to sit down for negotiations with the opposition, but defied calls for new elections in the country.
The country is experiencing widespread shortages of food and medicine, and is set to experience inflation of 10 million percent in 2019, according to the International Monetary Fund.
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