Venezuela is under a slew of sanctions from several countries: U. S., Canada, Panama, Switzerland as well as the European Union. As usual, most countries mimic the content of U. S. sanctions and time release around the same time as the U. S. During the first week of October 2018, the U. S. issued its latest set of sanctions. Overall the sanctions are onerous and impact nearly every type of financial transaction, which in turn affects all of Venezuelan society.
These sanctions are illegal under international law and violate the United Nations Universal Declaration on Human Rights.
Below is an excellent report issued by a civic group in Venezuela which has reviewed international sanctions against Venezuela and associated each one to determine the impact of sanctions on human rights.
The U. S. Comes in for the Kill Armed with More Sanctions Against Venezuela and Maybe an Oil Embargo
The U. S. and its allies must think this is their last opportunity to destroy Venezuela and disappear the social and economic gains of the Bolivarian Revolution. It seems the U. S. will employ a full-court-press when the next tsunami of sanctions is issued in a few months
A recent McClatchy news story — Trump taking aim at Venezuela Oil: U. S. Gas Prices Could Rise — outlines various sanction scenarios and provides analysis about what an outright oil embargo might mean for Venezuela and the U. S. An excerpt is below.
“While a full embargo on purchasing Venezuelan oil — the so-called “nuclear option” —is being actively discussed, the administration is zeroing in on more surgical sanctions that block the sale of oil and oil processing products by U.S. companies to Venezuela and hinder Caracas’s oil industry without directly impacting the Venezuelan people.”