Venezuela has been under economic sanctions/embargo since President George W. Bush’s administration in 2006. Economic warfare has lasted through the Obama administration, reaching its shameful pinnacle in the Trump area. The sanctioning politics have not taken an end under the Biden rule so far, even though many human rights defenders would wish and hope for.

The sanctions include, but are not limited to, “preventing the Venezuelan government from accessing the U.S. financial system; freezing the bank accounts and other assets of the Nicolás Maduro administration; blocking oil imports from the state oil and gas company, PDVSA.”

The US embargo has brought the country’s economy to its knees, causing an incisive and lasting inflation period. Lack of resources and hunger are only some of the symptoms emerging from the subsequent humanitarian crisis.

As always, the US government justifies their sanctioning policy by claiming to bring democracy. In reality, the presence of unescavated vast crude commodities in Venezuela threatened the pre – dominance of the United States. And we all know too well how ruthless Americans can be when their absolitist, uniletarist Monopol gets shaken.

“However, analysts generally agree that oil sanctions have hurt.”

Council on foreign relations

Good news: Venezuela has made a small recovery since last year, and they are now eyeing to join BRICS.

“If we are asked whether Venezuela wants to be part of the BRICS in the future, yes, we want to be a humble part of the BRICS and keep pace with the changing geopolitical situation,”

Venezuelan President Nicolas Maduro

BRICS nations, who are committed to maintaining multilateralism, welcomed this move.