All of these explanations have undoubtedly formed part of the rich tapestry of causation behind Venezuela’s economic woes. But what is equally undeniable is that US-imposed sanctions have augmented these factors as well as compounded the suffering felt by ordinary Venezuelans. As Roger Harris pointed out in a May 4 essay for CounterPunch, even a US government-authored report admits that “sanctions, particularly on the state oil company in 2019, likely contributed to the steeper decline of the Venezuelan economy.” Now, in addition to the US government itself, one its major organs of interventionist propaganda has conceded this exact same point.

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