A senior US government official bragged at a briefing on March 22, “The effect of the sanctions is continuing and cumulative. It’s sort of like in Star Wars when Darth Vader constricts somebody’s throat, that’s what we are doing to the regime economically,” according to a report by Univision.
The Trump administration expanded its aggressive sanctions against Venezuela on March 22, targeting the state-owned Venezuelan Economic and Social Development Bank (BANDES) and four more affiliated banks.
Russ Dallen, the managing director of the Venezuelan investment bank Caracas Capital, told Univision, “It sounds like they want to make Venezuela radioactive. They want to choke off the money flow.”
Economist Mark Weisbrot, a co-director of the Center for Economic and Policy Research and leading expert on Venezuela’s economy, told The Grayzone in a recent interview that the Trump administration’s 2017 sanctions on Caracas established a de facto “financial embargo.”
Weisbrot added that the sanctions on Venezuela that were expanded in early 2019 “are very definitely among the worst sanctions ever imposed by the US on any country, if not the worst.”
More impact of the Trump sanctions that will deprive millions of Venezuelans of food and medicine; that is the strategy, targeting civilians, as in Yemen. From CNN: pic.twitter.com/l5Q853XRTN