Biden Should Agree To Request From Rep. McGovern, To End US Sanctions Against Venezuela - OpEd
June 18, 2021 CEPR
Representative Jim McGovern, Democrat of Massachusetts and chair of the powerful House Rules Committee, released a letter on Monday calling for an end to all secondary and sectoral sanctions imposed on Venezuela by the Trump Administration.
This refers to economic sanctions that killed tens of thousands of Venezuelans in just their first year (201718), and almost certainly tens of thousands more since then. McGoverns letter cites estimates that more than 7 million people are in need of humanitarian assistance, and that poverty increased from 48% in 2014 to 96% in 2019, with 80% in extreme poverty.
There is no longer any way to hide the fact, which every economist knows, that the terrible suffering and death that Venezuela has experienced in recent years is overwhelmingly a result of economic collapse and deprivation caused by US sanctions, said Mark Weisbrot, Co-Director of the Center for Economic and Policy Research.
The International Monetary Fund estimates that Venezuela has lost more than 72 percent of its GDP per person since 2015. A collapse of this magnitude is practically unprecedented, even during some of the most destructive wars.
More:
https://www.eurasiareview.com/18062021-biden-should-agree-to-request-from-rep-mcgovern-to-end-us-sanctions-against-venezuela-oped/