Latest US Sanctions Could Bring Venezuelan Economy to ‘Grinding Halt’

Latest US Sanctions Could Bring Venezuelan Economy to ‘Grinding Halt’
Venezuelan regime leader Nicolas Maduro speaks at the presidential palace in Caracas on June 27, 2019. Yuri Cortez/AFP/Getty Images
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BOGOTA, Colombia—The latest U.S. sanctions against the Maduro regime may cause some of Venezuela’s biggest trading partners to cease doing business with it, leaving that country financially isolated.

“If the Venezuelan economy has already slowed, it’s going to come to a grinding halt” should the sanctions be fully enforced, Sergio Guzman, of Colombia Risk Analysis, predicted.