Venezuela News Sanctions

Venezuela: A Country in Crisis

Government Corruption Blamed for Downward Spiral

Political tensions rise in Venezuela as government critics blame corruption for the country's economic downfall. President Joe Biden's administration recently reimposed oil sanctions on Venezuela, ending a six-month pause. The move has been met with mixed reactions, with some experts warning of potential humanitarian consequences.

U.S. Concerns and Sanctions

The United States has long been critical of Venezuela's authoritarian regime, led by President Nicolás Maduro. The Trump White House warned of harsh consequences for Venezuela's crackdown on dissent. In 2018, the Biden administration sanctioned the Venezuelan oil industry, in an attempt to pressure Maduro to step down. The recent reimposition of sanctions marks a hardening of the U.S. stance against the Venezuelan government.