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Venezuela, U.S. Sanctions and the Downward Spiral

Jul 28, 2017 | 09:00 GMT
Opponents of Venezuela's constitutional assembly rally in Caracas after a symbolic vote against the measure. The vote to authorize the body that will rewrite the country's constitution will be held July 30.

Opposition activists celebrate outside polling stations after taking part in an opposition-organized vote to measure public support for Venezuelan President Nicolas Maduro's plan to rewrite the constitution in Ruices, eastern Caracas on July 16, 2017. Authorities have refused to greenlight the vote that has been presented as an act of civil disobedience and supporters of Maduro are boycotting it. Protests against Maduro since April 1 have brought thousands to the streets demanding elections, but has also left 96 people dead, according to an official toll. / AFP PHOTO / FEDERICO PARRA (Photo credit should read FEDERICO PARRA/AFP/Getty Images)

(FEDERICO PARRA/AFP/Getty Images)

Venezuela's political and economic crises may soon go from bad to drastically worse. Within weeks, the U.S. government could implement sanctions against Venezuela's vital oil sector to prevent the government in Caracas from formally starting down the path to a one-party state. In their most severe form, the sanctions would...

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