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Maduro, 62, has been in power since 2013, and the new sanctions come little more than a week before U.S. President Joe Biden will end his term and be succeeded by Donald Trump on Jan. 20.
In my more recent research, I estimate that had it not been for U.S. economic sanctions, approximately 4 million Venezuelans would have chosen to stay in their country rather than flee abroad.
Reuters said the sanctions are expected to reduce Venezuela's ability to purchase food and other imports which could result in further shortages and worsen its economic position. [95] PRI said that "sanctions against PDVSA are likely to yield stronger and more direct economic consequences". [92]
Through April 2019, the U.S. sanctioned more than 150 companies, vessels and individuals, in addition to revoking visas of 718 individuals. [1] Early sanctions came in response to repression during the 2014 and the 2017 Venezuelan protests, and activities both during the 2017 Constituent Assembly election and the 2018 presidential election.
U.S. President Donald Trump - who during his first term used a "maximum pressure" sanctions policy against President Nicolas Maduro - referred to Maduro as a dictator during the 2024 U.S. campaign.
Venezuela’s government released a statement that characterized the latest set of sanctions as a “rude act that seeks to ingratiate itself with a political class that has resorted to fascist and violent practices to overthrow, without success,” Maduro. A joint statement from more than 50 countries that was delivered Thursday at the United ...
An April 2019 communication from the U.S. State Department highlighted the 2017 National Assembly investigation finding that the government paid US$42 for food boxes that cost under US$13, and that "Maduro's inner circle kept the difference, which totaled more than $200 million dollars in at least one case", adding that food boxes were ...
One source in Washington said initial sanctions-easing steps could be announced within hours of the Barbados signing if the U.S. is satisfied Maduro has met his commitment at this stage.