By Ricardo Vaz
The Washington DC-based Center for Economic Policy Research (CEPR) published a report Thursday on the effects of US sanctions against Venezuela.
The 27-page paper was authored by economists Mark Weisbrot and Jeffrey Sachs, who determined that sanctions have “inflicted very serious harm to human life” in Venezuela.
“The sanctions are depriving Venezuelans of lifesaving medicines, medical equipment, food, and other essential imports,” Weisbrot, Co-Director of CEPR, said in a press release. For his part, Sachs added, “American sanctions are deliberately aiming to wreck Venezuela’s economy and thereby lead to regime change.”
Weisbrot and Sachs pointed out in the report that sanctions “would fit the definition of collective punishment of the civilian population as described in both the Geneva and Hague international conventions, to which the US is a signatory.”
While the legal groundwork for sanctions was laid by President Obama’s 2015 executive order declaring Venezuela an “unusual and extraordinary threat” to US national security, Washington significantly escalated its unilateral coercive measures in August 2017…