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During the Spanish American wars of independence, the United States was officially neutral but permitted Spanish American agents to obtain weapons and supplies.With the reception of Manuel Torres in 1821, the Gran Colombia (present-day Panama, Colombia, Ecuador, northern Peru, Venezuela, western Guyana and northwest Brazil) became the first former Spanish colony recognized by the United States ...
Trump imposed economic sanctions in August 2017 that affected Venezuela's petroleum industry by prohibiting the trading of Venezuelan bonds in U.S. markets. The New York Times said that loopholes in the sanctions would permit "financing of most commercial trade ... and financing for humanitarian services to the Venezuelan people", and quoted ...
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 ...
In “The Collapse of Venezuela,” my forthcoming book, I show that U.S. economic sanctions significantly contributed to the country’s economic implosion, accounting for more than 52 percent of ...
Maduro and his aides have always rejected sanctions by the U.S. and others, saying they are illegitimate measures that amount to an "economic war" designed to cripple Venezuela.
The prolonged economic and political instability in Venezuela has forced millions of Venezuelans to leave over the past decade, quashing many of their dreams and leaving many wondering if they'll ...
The Heritage Foundation ranked Venezuela at 175th of 178 in economic freedom and was classified as a "Repressed" economy in its 2014 Index of Economic Freedom report. [101] More than half of those interviewed in a Datos survey held the Maduro government responsible for the country's current economic situation and most thought the country's ...
Venezuela retired from TIAR in 2013; Deputy Francisco Sucre stated that Chávez had removed Venezuela from the pact in a "strategy to isolate Venezuela by a totalitarian system mirroring [Cuba]". [54] Venezuela's reincorporation to the pact "can be used to request military assistance against foreign troops inside the country". [54]