American sanctions have little to do with Venezuela'a predicament--they specifically target its leadership. (Leaders who are doing fine arbitraging the bolivar and pillaging the state-owned oil company.)
Wall Street continues to finance and re-finance PDVSA [1] and American refiners continue to import its crude [2]. Contrast that with earlier sanctions on Iran.
Thank you. This BS about the US sanctioning Venezuela is false. They are sanctioning the leadership: those who are involved in corruption, drug traficking and human rights violations. Not Venezuela as a country.
Wall Street continues to finance and re-finance PDVSA [1] and American refiners continue to import its crude [2]. Contrast that with earlier sanctions on Iran.
[1] http://www.wsj.com/articles/venezuelas-pdvsa-bonds-rally-aft...
[2] http://www.wsj.com/articles/venezuelas-pdvsa-bonds-rally-aft...