There appears to be no short-term end in sight to either the political crisis facing the administration of Vene-zuela’s President Nicholas Maduro or his country’s beleaguered economy as Washington earlier this week announced yet another round of punishing sanctions against the country believed to possess the world’s largest oil reserves.
What now bears the resemblance of a trek to an inevitable meltdown in the Venezuelan economy and the concomitant worsening of the country’s attendant humanitarian crisis threatens to assume even more dire proportions in the wake of the disclosure of the most recent round of economic sanctions against the government in Caracas.
What the Maduro administration is describing as “arbitrary economic terrorism against the Venezuelan people” has manifested itself in Washington’s presidential executive order promulgated on Monday, forbidding American companies from doing business with the political administration in Caracas.
