The US has reimposed economic sanctions against a Venezuelan state-owned mining company and says it could go on to reimpose further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week.
The US Treasury on Monday revoked General License 43, which had authorized dealings with mining conglomerate CVG-Minerven. The Treasury said US companies have until February 13 to wind down transactions that were previously authorized by that license.
While US economic sanctions against the mining company are unlikely to cause significant damage to the Venezuelan economy, the US State Department has crucially signaled it intends to renew oil and gas sanctions from April 18, if there’s no progress between Venezuela’s authoritarian president Nicolas Maduro and the opposition “particularly on allowing all presidential candidates to compete in this year’s elections,” it said in a statement.
I spend a lot of time in Colombia and see the years-long stream of refugees from Venezuela who are starving and are suffering. Don’t ask me to look into their eyes and tell them it’s just propaganda.
In this case, the South American leader is the one doing the warmongering.
Starvation and suffering is terrible. This is the result of sanctioning from the US and its western allies. None of this is happening in a vacuum.
You realize they’ve been sanctioned to shit for decades by the US, right? That makes them extremely vulnerable to price changes to oil, their basically only economic export. They probably should be diversifying more, though.