Latin America Economics

Latin America Watch

2 August, 2017

What would an escalation of US sanctions mean for Venezuela?

The decision by the US Treasury to sanction Venezuelan president Nicholas Maduro was on the more benign end of the spectrum of options reportedly under consideration and is unlikely to have much impact in either coercing regime change or restoring democracy. While a further escalation of sanctions is likely in the coming months, a trade embargo or restrictions on the oil sector look some way off at this stage.

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