Washington, DC ― A new report from the US Government Accountability Office (GAO) finds that US economic sanctions on Venezuela are harming the Venezuelan economy, especially by depressing oil production and exports, and that they are also hindering US-backed humanitarian assistance to the country. The report, which looks at the impact of US sanctions on Venezuela’s economic crisis, was requested by former chair of the House Foreign Affairs Committee Eliot Engel (D-NY) and committee member Congressman Andy Levin (D-MI).

“This report from the GAO offers more evidence that these unilateral, illegal US sanctions are a form of collective punishment against the Venezuelan population and should be ended immediately,” Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said.

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