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In 2011, the United States sanctioned Venezuela's state-owned oil company Petróleos de Venezuela. According to executives within the company as well as the Venezuelan government, the sanctions were mostly symbolic and had little effect (if any) on Venezuela's trade with the US since the company's sale of oil to the US and the operations of its ...
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Shortages in Venezuela of food staples and basic necessities occurred throughout Venezuela's history. [6] Scarcity became more widespread following the enactment of price controls and other policies under the government of Hugo Chávez [7] [8] and exacerbated by the policy of withholding United States dollars from importers under the government of Nicolás Maduro. [9]
At a session of the Washington-based Organization of American States, Brian Nichols, a senior U.S. diplomat for Latin America, said the reason Venezuela's electoral authority has failed to release ...
By 2023, the economic situation of Venezuela improved, with the economy growing by 15% and extreme poverty rates decreasing, thanks to a liberalized economy and more access to the United States dollar. However, inequality is high, with wealthy Venezuelans making more than 70 times the poorest ones. [46]
A Wyoming billionaire placed a billboard resembling the Venezuela flag on the Wyoming-Colorado border that reads "Venezuela Ahead - Be Prepared" referencing the Venezuelan gangs in Colorado. 😆 ...
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
The U.S. Treasury Department last week extended a license to U.S. oil firm Chevron Corp to boost oil output and expand operations in Venezuela as part of a plan to encourage political talks ...