The European Commission will give the government of sanctioned Venezuelan president Nicolas Maduro around $47 million. The funds are designed to go to Venezuelans and countries receiving Venezuelan migrants, the European Commission said in a note on Thursday. Another $5.9 million will support conflict-prevention measures to reduce social tensions and violence and protect people displaced by the crisis, a crisis Maduro largely blames on Washington. Some $22 million is going towards development assistance in Venezuela and to neighboring nations housing migrants. The EC has been throwing money at Maduro and the ruling Socialists United of Venezuela (PSUV) for two years now and the food and medical supplies situation has only deteriorated.

Source: Forbes June 07, 2018 23:56 UTC