This article appeared online at TheNewAmerican.com on Wednesday, May 22, 2019:
It’s clear that the sanctions being imposed by the White House on Nicolás Maduro’s tottering regime in Caracas are forcing him into negotiating with his opposite number. Last week the Associated Press reported that talks between Juan Guaidó’s people and Maduro’s were scheduled to take place in Norway.
Those sanctions, which have been applied to dozens of Maduro’s top officials, have extended to countries doing business with the Marxist regime. Consequently, Maduro’s primary source of revenue from his state-owned oil producer PdVSA has been cut drastically. In the past two years, oil exports have dropped from more than three million barrels of crude a day to 500,000 barrels a day. And most of that production is committed to Cuba in exchange for its military and technical support.
In April, the White House applied sanctions on the Central Bank of Venezuela, sharply limiting its access to American dollars. Those sanctions also