New Oil Sanctions on Venezuela: 'Would Destroy What’s Left of its Economy' | Venezuelanalysis.com

Highlights

Sanctions

Orinoco Mining Belt

GDP

Inflation

Juan Guaido

Putsch April 2019

Coup Attempt January 2019

Coup d'etat

Joe Biden

FARC

Mark Weisbrot discussed the consequences on the effective oil embargo imposed against Venezuela.

By The Real News Network

Jan 31st 2019 at 7.49am

National Security Advisor John Bolton announced that the US will freeze Venezuelan assets and block oil payments for Venezuelan oil imports to the US. This would not only be illegal, but would also be yet another crippling blow to the country, says CEPR’s Mark Weisbrot.

Source: The Real News Network

See Also

Maduro Hands Six Months of Tax Privileges to Importing Businesses

Leftists portal LaClase argues that the government’s latest economic decision only favours the “emerging” bourgeoisie.

Venezuela: Widespread Gasoline Shortages as Sanctions Take Toll on Oil Sector

Long queues have been seen at gas pumps around the country in recent days.

Venezuela: New Power Outage as Oil Output Plummets

Venezuela’s oil output fell significantly in March as a result of electricity problems and US sanctions.

The Origins of Venezuela’s Economic Crisis

Greg Wilpert discusses Venezuela's economic crisis and its underlying factors.

Venezuela’s Oil Production Plummets in February Due to New US Sanctions

The Center for Economic Policy Research in Washington DC analyzes the "very harsh impact" of the latest sanctions imposed on Venezuela's oil...

US Imposes New Sanctions as Venezuelan Government Denounces Takeover of Diplomatic Offices

Trump warned that the “toughest sanctions” have yet to be imposed.

Venezuela: US Threatens New Sanctions as Hyperinflation Slows Down

The US government has increased pressure against Caracas mainly by targeting the oil industry.

Trump’s Other ‘National Emergency’: Sanctions That Kill Venezuelans

The humanitarian crisis will get rapidly worse if the most recent sanctions continue, Mark Weisbrot argues.

Venezuela Regime Change 'Made in the USA'

Steve Ellner looks at the ongoing US-orchestrated coup attempt and its implications.

US Oil Embargo Will Kill Many Venezuelans

Lucas Koerner speaks to Sky News' Conroy & Kroger about the devastating impact of Washington's new oil sanctions on the Venezuelan economy and its...

US Tightens the Noose on Venezuela: Will the Coup Succeed?

Jorge Martin looks at the prospects that Guaido's coup d’état has at achieving its goals.

The People of Venezuela Speak Out

Feeling a little confused about the current situation in Venezuela with all the information floating around in corporate media?Check out these interviews by...

CIA in Venezuela: 7 Rules for Regime Change

U.S. regime change operations in Latin America have seven consistent features.

As U.S. Moves to Oust Maduro, Is Invading Venezuela Next? Allan Nairn on Trump’s Attempted Coup

Watch Amy Goodman's three-part interview with award-winning investigative journalist Allan Nairn on US regime change policy in Venezuela, the bloody legacy...

[UPDATED] Venezuela: US Rejects Calls for Dialogue Ahead of Dueling Marches

Draconian US sanctions and calls for dialogue set the stage for pro- and anti-government marches this weekend.

Trump’s Efforts to Oust Maduro Are Illegal and Will Kill More Venezuelans

Mark Weisbrot turns the table on "common sense" to analyze Venezuela in the international landscape.

No Coup! No War! Hands off Venezuela!

Eduardo Correa Senior and James Patrick Jordan examine the thread and military options that are on the table, and propose popular organization to defeat US...

Precipitating an economic and humanitarian crisis in Venezuela is not a foundation for the peaceful settlement of dispute, the UN expert warned

US Sanctions on Venezuela Harm Human Rights of Innocent People, UN Expert Warns

UN Special Rapporteur for sanctions Idriss Jazairy says that the United States' attempt to topple the Venezuelan government with an oil embargo is illegal...

Featured

Crisis, Sanctions & Environment: A Conversation with Liliana Buitrago & Emiliano Terán (Part II)

Researchers from the Political Ecology Observatory talk about the environmental devastation caused by the mining and oil industries in today’s Venezuela.

Venezuelan Inflation Decreases as IMF Predicts 10 Percent Economic Contraction

Credit Suisse contradicted the IMF with a four percent GDP growth forecast for Venezuela in 2021.

Venezuela Rolls Out Economic Support to Keep Workers Home as COVID-19 Infections Spread

The measures include a ban on evictions, a special “stay at home” benefit for two million private-sector workers, and a one-time benefit for 15...

Venezuela Appeals to UN for Landmine Clearance as Colombian Border Clashes Ease

Caracas has also created a special military zone and brigade to deal with the situation in Apure state, where 17 people have died.

In Commune: The Che Guevara Commune (Part 2)

In the second part of our episode, we look at how the Che Guevara Commune's economic development has improved its political reach and impact on the local...

Support us, Donate Now!