A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to b...
CARACAS - A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country’s opposition between those who say the move would stave off famine and those who predict President Nicolas Maduro would abuse it.
Falcon attained international prominence last year when he broke a boycott to challenge Maduro in a vote many opposition parties deemed a sham. He faces an uphill battle to convince the United States and other opposition politicians of the merits of the program. But since the Treasury Department sanctioned PDVSA as part of the Trump administration’s bid to pressure Maduro to step down amid a hyperinflationary economic collapse, PDVSA’s shipments to the United States have disappeared, and Venezuela’s crude production has fallen to around half last year’s levels.
“While politicians are seeking to distract attention exclusively, in some cases, toward the political element - but without results, without effect - people are still dying of hunger,” Falcon said in a news conference, arguing that Venezuela was “at the doors of a famine.”But Guaido’s allies argue the best way to resolve the humanitarian crisis that has prompted more than 4 million to emigrate is to focus on ousting Maduro.
The U.S. Treasury on Thursday sanctioned 10 people and 13 groups involved in a food distribution program that it said lined the pockets of Maduro and his family. Still, Falcon’s Progressive Advance party has taken steps to make its case in Washington. Francisco Rodriguez, chief economist at New York-based Torino Economics and an adviser to Falcon’s 2018 campaign, spoke in favor of an oil-for-food program in front of a bipartisan congressional commission this week.
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