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US sanctions policy on Venezuela may backfire

Content type:: Expert Briefings
Location:: VENEZUELA/US
Keywords associated with this article:: Geographic: Venezuela United States LA/C Colombia China Iran Russia Turkey VENEZUELA/US

Topical: economy industry international relations politics social bonds election foreign policy government human rights oil opposition refugees sanctions
ISSN:: 2633-304X
Citation:: Oxford Analytica (2022), "US sanctions policy on Venezuela may backfire", Expert Briefings.
https://doi.org/10.1108/OXAN-DB273028

Thursday, September 29, 2022

Significance

US sanctions have been a blunt instrument, but the threat of re-escalation comes at a moment of vulnerability for Venezuela. The US intervention could have counterproductive domestic impacts for President Joe Biden.

Impacts

Colombian demands for improved rule of law in Venezuela will put added pressure on Maduro.
Renewed sanctions may drive a further outflow of Venezuelan migrants affected by the resulting economic downturn.
Biden may gain little political or electoral traction from a tougher approach to Venezuela.

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Significance

Impacts

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