Some countries toy with the idea that sanctions can bolster economic development. But sometimes sanctions are not useful at all. On the one hand, a government has a reason for taking a harsh stance towards the villain that imposes restrictions, but on the other hand, the sanctioned countries may suffer from a shortage of financing. The independence can cost too much.
The above description can be applied to the relations between the United States and Venezuela. Nicolas Maduro keeps on chanting catchy slogans, while the domestic economy is on the verge of collapse. Surprisingly, the citizens of the country have conflicting opinions on this matter. Some of them support the fight against the oppressing foreign policy of the United States, while others are discontent with severe damages to the economy and wish the sanctions were lifted. Venezuelan ambassador to Moscow Carlos Rafael Faria Tortosa said that the economic blockade had already caused losses of 130 billion dollars. The unwise policy of the dictator has led the country to international isolation. The Venezuelan accounts were blocked in over 40 banks in 17 countries, while the local oil producers were banned from the global market. In turn, Venezuela retaliated by refusing to use the Visa and MasterCard payment systems. However, such a move is controversial. Who suffered the most from it: the global community or the citizens of the country?
The opposition proclaimed that Maduro usurped authority, while President of the National Assembly Juan Guaido declared himself to be the interim president. His candidacy was approved by the opposition, the United States, Canada, the United Kingdom, and most of the EU countries. At the same time, Russia, China, Turkey, Bolivia, and Cuba support Maduro.
