In August 2017, Trump prohibited Venezuela from borrowing in US financial markets, thus preventing its economy from recovering from a deep recession caused in part by the global drop in oil prices. The US financial embargo produced rapid decline in Venezuela’s oil production, extreme drop in export income and loss of access to credit. Consequently, revenue for critically needed imports for health, agriculture, industry and infrastructure plummeted. Two respected US economists, Mark Weisbrot and Jeffrey Sachs, have estimated that these sanctions caused 40,000 deaths in 2017-2018.
In January 2019 Trump tightened the noose...the country will likely suffer “a famine causing hundreds of thousands of deaths within the next twelve months,” mainly from the drop in oil production and sales due to Trump’s 2017 and 2019 sanctions.
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