US Sanctions Cost Venezuela $6B Since August 2017, Sparking Humanitarian Catastrophe
Cutting Caracas out of the international market has already triggered a widespread humanitarian catastrophe causing ordinary Venezuelans to suffer the consequences.
by Randi Nord
31 October, 2018
CARACAS, VENEZUELA — United States sanctions against the Bolivarian Republic of Venezuela have cost the Latin American nation $6 billion since August of 2017, leaving the fate of healthcare and access to basic goods in jeopardy for millions of already struggling Venezuelans.
As recently as early October, an anonymous source from the Trump administration told Reuters that “all options are on the table” in regard to even tighter sanctions against the country. This is part of a growing trend, as the Trump administration prepares to strengthen its attacks against socialist or left-leaning nations throughout Latin America.
According to a report from Canadian analyst Joe Emersberger, U.S. sanctions have quite literally starved Venezuelans out of a staggering $6 billion since the latest round took effect in August of 2017, cutting Venezuela off from the global market.
To put this figure into perspective, $6 billion is over 130 times the $46 million requested by the United Nations Refugee Agency (UNHCR) for the “Venezuela Situation” in March of this year, which likely wouldn’t be needed if Caracas had financial support to provide for its citizens.
Cutting Venezuela out of the global market to spark an internal crisis
Here are two essential documentaries for understanding Venezuela
The first is a documentary "the Revolution will not be televised": a TV film crew captured and chronicled the attempted 2002 coup against Hugo Chavez
John Pilger's documentary , "the War on Democracy". Tthe film shows how serial US intervention, overt and covert, has toppled a series of legitimate governments in the Latin American region since the 1950s. The democratically elected Chilean government of Salvador Allende, for example, was ousted by a US backed coup in 1973 and replaced by the military dictatorship of General Pinochet. Guatemala, Panama, Nicaragua, Honduras and El Salvador have all been invaded by the United States.