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In 2021, the US Government Accountability Office concluded that sanctions "likely contributed to Venezuela's economic decline". The report said that as a result of sanctions, Venezuela is selling less oil, at a higher cost and a lower price. [283] In 2023, Al Jazeera wrote that the sanctions had affected citizens.
(Reuters) - The United States and Venezuela have a fraught recent history marked by broken diplomatic relations, sanctions and accusations of criminal activity and coup-plotting. U.S. President ...
During the crisis in Venezuela, the United States applied sanctions against specific Venezuelan government entities and individuals associated with the administration of Nicolás Maduro, along with sanctions applied by the European Union, Canada, Mexico, Panama and Switzerland. Through April 2019, the U.S. sanctioned more than 150 companies ...
The United States is insisting that Maduro put ink to paper, in front of cameras, committing to democratic elections, before it announces any sanctions relief on the country’s oil sector.
Canada also imposed new Venezuela sanctions. “The United States, together with our likeminded partners, stands in solidarity with the Venezuelan people’s vote for new leadership and rejects ...
The sweeping sanctions on Venezuela's oil industry were first imposed by the Trump administration in 2019 following Maduro's re-election victory, which the U.S. and other Western governments rejected.
The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro's attempts to consolidate his rule just six months after the U.S. eased ...
The U.S. official insisted the sanctions were an important step in an effort to pressure Maduro to "make better decisions" on Venezuela's political situation before the presidential inauguration ...