Link to original article: https://venezuelanalysis.com/analysis/14555

This documentby the Venezuela Solidarity Campaign examines the impact of the US sanctions on the Venezuelan economy.

The blockade in context

The U.S. has been pursuing a strategy of ‘regime change’ through destabilising Venezuela dating back to the early years of Hugo Chávez’s presidency. This led George W. Bush’s administration to support the failed coup d’état against Chávez in 2002 and also the right-wing management lock-out in the oil industry. The lock-out, while ultimately unsuccessful, cost billions of dollars in lost revenues and had a catastrophic impact on the government’s social projects.

Declassified US government documents and Wikileaks material have shown that the US has subsequently used covert financial, political, media and diplomatic activities in pursuit of its goal, including channelling millions of US dollars to right-wing opposition groups to support their bid to destabilise and topple the elected governments of both Presidents Chávez…