Thu Dec 18 12:21:10 UTC 2025: Okay, here’s a news article summarizing the potential impact of US sanctions on Venezuela, based on the provided information:
Headline: Expert Warns US Sanctions Could Trigger “Great Depression” in Venezuela
Washington, D.C. – Stringent US sanctions on Venezuela risk pushing the country into an economic crisis potentially rivaling the Great Depression, according to economist Francisco Rodriguez of the Center for Economic & Policy Research. Speaking on Al Jazeera English, Rodriguez highlighted the potentially catastrophic consequences of the sanctions for the Venezuelan economy and its citizens.
While proponents argue the sanctions are intended to pressure the Maduro government, Rodriguez suggests that they could have a devastating impact on Venezuela’s already fragile economy. He emphasized that the restrictions could severely curtail Venezuela’s ability to trade, import essential goods, and manage its debt, which can worsen living condition and economy.
The potential for widespread economic hardship raises concerns about humanitarian consequences and regional stability. The CEPR has been a vocal critic of US sanctions policies, arguing they often disproportionately harm vulnerable populations.
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