Biden’s administration will likely keep the sanctions on Venezuela as they are. Bondholders shouldn’t expect sanctions to be eased unless Maduro negotiates in good faith with the opposition, Reuters reported on 28 February 2021. Earlier this year, Biden’s administration made it clear it will keep recognizing Guaid as interim president. The article also mentioned that Biden should take a less unilateral approach than Trump in dealing with Venezuela and should enlist more countries to help find a diplomatic solution.