U.S. Sanctions Are Aimed at Venezuela’s Oil. Its Citizens May Suffer First. - News Summed Up

U.S. Sanctions Are Aimed at Venezuela’s Oil. Its Citizens May Suffer First.


CARACAS, Venezuela — When President Trump slapped surprise oil sanctions on Venezuela aimed at toppling President Nicolás Maduro, exports plunged and banking froze as the effects hit harder and faster than expected. But in recent days it has become clear that Venezuela’s state oil company, the main target of the sanctions as Mr. Maduro’s bankroller, has found a few ways to survive, with some Russian help. If Mr. Maduro hangs on, many in Venezuela fear that the sanctions imposed last week will push the already suffering nation of about 30 million people into an even greater humanitarian catastrophe.


Source: New York Times February 08, 2019 10:01 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */