The EU believes that the 2018 Presidential elections were rigged and not democratic, but all they did was ban arms shipments and put a travel ban on 55 government officals.

Other then that, the EU has surprisingly good diplomatic connections with Venezuela, and still does a lot of trade with them, along with sending them humanitarian aid. Further, the EU refused to implement sanctions that would harm the civilian population (IE something like the Cuban Embargo). Because of that Venezuela has remained amicable with the EU.