Trump’s Sanctions Are Still Hurting Everyday Venezuelans — and Fueling Migration.

January 27, 2024

The Hill

See article on original site

Five years ago Sunday, Donald Trump announced a major escalation of US sanctions against Venezuela. On top of sweeping financial restrictions imposed in 2017, the new measures targeted the very heart of the Venezuelan economy, oil.

… Between 2012 and 2020, Venezuela experienced the largest peacetime economic collapse in modern history, more than twice the magnitude of the Great Depression.

… [Trump] and Biden have much in common in the substance of their policy.

… In an election year where Biden seeks to present himself as the sensible and humane alternative to Donald Trump, it’s striking that … Biden’s approach has largely been a continuation of his predecessor’s.

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