Trump’s escalation against Venezuela is about more than oil, it is about regaining control over the ‘natural’ zone of influence of the United States at a moment where its hegemony is slipping, argues VIJAY PRASHAD
VENEZUELA’S most prized and lucrative foreign asset, the US-based oil subsidiary CITGO, is on the brink of being broken up to satisfy creditors against the Venezuelan state. The move is part and parcel of the US government’s drive to destroy its economy and bring about regime change in the country.
In pursuit of this goal, the US government has since 2017 imposed crushing economic and trade sanctions on Venezuela, including an oil embargo, a blanket ban on all dealings with Caracas, secondary sanctions and freezing or seizing a number of Venezuelan assets abroad.
The illegal sanctions have resulted in losses of $150 billion to the country, while around $11bn in deposits in banks and funds abroad have been seized or frozen, including $1.2bn gold deposits in the Bank of England.
The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE
Calls have been made for the return to Venezuela of a two-year-old girl currently being held in the US, after being separated from her family by immigration officials, reports SUSAN GREY



