How Wall Street won a battle over Venezuelan sanctions

The sanctions were meant to hammer the government of President Nicolás Maduro. (Image: AP)

Sat, 17 Feb 2024

By Kejal VyasAfter the US dropped a broad array of sanctions against Venezuela in October, it warned that it could reimpose all of them, except one. The White House admitted that its ban on buying Venezuelan bonds was a failure that had potentially benefited enemies of America. Behind the scenes, a group of powerful Wall Street investors had been feeding Washington a stream of evidence that showed Venezuelan bonds were being traded by investors with ties to Russia. They said Moscow was hoping to gain influence in the US’s backyard.Th...

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