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Originally Posted by jfman
And none of that has any bearing on the Labour proposals here. It’s lovely scaremongering though.
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There’s no link between the proposals in Venezuela and what Labour Party are proposing here. It’s the “socialist” bogeyman being wheeled out once more.
The Venezuelan economy is also suffering from US sanctions. It’s not like them to get involved in South American politics because of ideology...
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Venezuela had problems long before any sanctions were applied, and mostly the sanctions are aimed at individuals.
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To allow continued humanitarian assistance to the Venezuelan people, OFAC issued licenses authorizing transactions involving the delivery of food, agricultural commodities, and medicine; personal remittances; the work of international organizations; and communications services.
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The earliest sets of sanctions were terrorism-related(financial support for Hezbollah) and Drug Trafficking-related.
Obama then added ones for "Antidemocratic Actions, Human Rights Violations, and Corruption".
Venezuela targeted freebies at the poor without looking at the bigger picture. EG if Corbyn starts forcing companies to give away part of their shares for nothing, then who in their right mind is going to invest in any UK company.