U.S. says financial sanctions against Venezuela 'absolutely working' - EntornoInteligente

Entornointeligente.com / MiamiHerald / The United States’ use of sanctions to punish Venezuelan officials and strangle the economy is “absolutely working” and will remain a prime strategy for trying to force democratic change in the South American country, senior U.S. State Department officials said Monday.

Speaking to reporters about the Latin America trip of U.S. Secretary of State Rex Tillerson that starts Thursday, the officials said they are beginning to see results of the plan, which has slapped sanctions on more than 50 current and former officials and bars U.S. financial institutions from dealing with Venezuelan debt.

“The financial sanctions that we have placed on the Venezuelan government [have] forced it to begin to default” on its sovereign debts, one official said on background. “And what we are seeing, because of the bad choices of the [President Nicolás] Maduro regime, is the total economic collapse in Venezuela.”

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U.S. says financial sanctions against Venezuela ‘absolutely working’

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