Even though Venezuela has borne damages amounting to USD 100 billion from previous US sanctions, the United States on Friday imposed a fresh set of sanctions against Venezuela's oil sector again, further crippling the humanitarian crisis in the Latin American country.
The United Nations, meanwhile, outlined that US sanctions have aggravated the economic situation in Venezuela, with UN Special Rapporteur Idriss Jazairy bringing attention to the humanitarian crisis in the South American nation.
Venezuela is currently facing a political and economic crisis, which is worsened by hyperinflation, blackouts, and an acute shortage of water and medicines.
National Assembly leader Juan Guaido proclaimed himself as the President of Venezuela in January, as protests calling for President Nicolas Maduro's ouster shook the Latin American nation. The US immediately supported Guaido, asking other nations to back the self-proclaimed President.
The embattled President continues to hold on to his post and enjoys the Venezuelan military's support.
Countries like US, UK, France, Japan, on the other hand, recognise Guaido as the interim President. However, China, Russia, and other countries have slammed international interference in Venezuela's internal affairs, throwing their weight behind Maduro.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)