International Sanctions During The Venezuelan Crisis
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International Sanctions During The Venezuelan Crisis News
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During the crisis in Venezuela, governments of the United States, the European Union, Canada, Mexico, Panama and Switzerland applied individual sanctions against people associated with the administration of Nicolás Maduro. The sanctions were in response to repression during the 2014 Venezuelan protests and the 2017 Venezuelan protests, and activities during the 2017 Venezuelan Constituent Assembly election and the 2018 Venezuelan presidential election. Sanctions were placed on current and former government officials, including members of the Supreme Tribunal of Justice (TSJ) and the 2017 Constituent National Assembly (ANC), members of the military and security forces, and private individuals accused of being involved in human rights abuses, corruption, degradation in the rule of law and repression of democracy.
By March 2018, the Washington Office on Latin America said 78 Venezuelans associated with Maduro had been sanctioned by several countries. Through April 2019, the U.S. sanctioned more than 150 companies, vessels and individuals, in addition to revoking visas of 718 individuals associated with Maduro.
The sanctions included freezing of individuals' accounts and assets, prohibiting of transactions with sanctioned parties, seizing of assets, arms embargoes and travel bans. The OAS commissioner for Venezuelan migrants and refugees, David Smolansky, has said the sanctions targeted Maduro and Chavismo "elites" while having little impact on average Venezuelans. The Washington Post stated that "the deprivation long predates recently imposed US sanctions".
Beginning in January 2019, during the Venezuelan presidential crisis, the United States applied additional economic sanctions in the petroleum, gold, mining, food and banking industries. A report published by the United Nations High Commissioner for Human Rights stated that although the "pervasive and devastating economic and social crisis began before the imposition of the first economic sanctions", the new sanctions could worsen the situation. In April 2019, Human Rights Watch and Johns Hopkins Bloomberg School of Public Health published a joint report noting that most early sanctions did not target the Venezuelan economy in any way, adding that sanctions imposed in 2019 could worsen the situation, but that "the crisis precedes them".
After sanctions were issued, Venezuela has continued to ship oil and to send money to ally countries, shipping oil to Cuba and paying Saint Vincent and the Grenadines' debt with Petrocaribe in 2022.
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- Added: Jul 20, 2024