Last week, the US formally adopted sanctions on Venezuelan national oil company PDVSA, as well as on CITGO, its US-based distribution arm, as part of its press for regime change in Caracas. National Security Advisor John Bolton estimated the actions would affect some $7 billion in assets and would block $11 billion in revenue to the Venezuelan government over the next year.
As the multi-layered manuevering in regard to Venezuela continues, it was reported a couple of days ago that the Bank of England has taken actions in line with Washington’s lead. The Bank of England has refused to hand over $1.2 billion of Venezuelan gold back to the Venzuelan government. Above is a clip from RT […]
WASHINGTON — For much of the past twenty years, critics of U.S. foreign policy have noted that it is often countries with sizeable oil reserves that most often find themselves the targets of U.S.-backed “humanitarian” interventions aimed at “restoring democracy.” Analysis of the nearly two-decades-long U.S. effort aimed at regime change and “democracy promotion” in Venezuela has long linked such efforts to the fact that the South American country has the world’s largest proven oil reserves.
So it looks like US military intervention in Venezuela might be on the cards. Certainly, with Washington and other Western governments now officially recognising someone other than the sitting president as the legitimate leader, it’s hard to see how there won’t have to be some kind of forced conflict to finalise that arrangement: if it […]
RT CrossTalk host Peter Lavelle and The Duran’s Alex Christoforou take a quick look at the financial and media war being waged in Venezuela, as John Bolton employs the usual U.S. weapons of regime change to tighten the screws on Maduro and his embattled government.
Will Maduro survive the US onslaught to emerge in tact, or will Venezuela slide quickly into chaos and civil war or slowly drift into a frozen quagmire of a nation state?
The responses from members of Congress painted a shocking picture of ignorance, hypocrisy, and bipartisan consent for the Trump administration’s…
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GrayZone Project — Venezuela has suffered from an economic crisis in recent years, and while the US government and corporate media outlets have blamed this hardship solely on the ruling socialist party, internal US government documents acknowledge that Washington has been using what it clearly describes as “financial weapons” to wage “economic warfare” on the oil-rich South American nation.
