21 days ago
Foreign Policy in Focus
Years of U.S. efforts to destroy the Venezuelan oil industry and overthrow the Venezuelan government has fueled the humanitarian catastrophe. By waging an economic war on Venezuela, officials in both parties have fueled the migrant crisis, one that several analysts foresaw as a likely consequence of the collapse of the Venezuelan oil industry. The U.S. Economic War on VenezuelaThe Obama administration set the stage for the economic war on Venezuela. During its four years in office, the Trump administration directed a major economic attack against Venezuela, first with economic sanctions against the country’s finances in 2017 and then with crippling economic sanctions against its state oil company in 2019. For years, Mark Weisbrot reported that U.S. economic sanctions were accelerating the country’s economic collapse.
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