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Updated On: Wednesday, 17 July 2019

World News

Category : Al Jazeera - Videos

?? ?? Can US sanctions on Venezuela work? | Al Jazeera Englih

2019-04-12 | ?? ?? Can US sanctions on Venezuela work? | Al Jazeera Englih

The US Treasury Department has designated not just Venezuela's vital oil industry but its entire banking sector also as the target of sanctions, making it almost untouchable for companies and banks that do business with the United States.
But in the last three months, President Nicolas Maduro's government has been busy finding ways to circumvent the US sanctions.
Venezuela's Foreign Minister Jorge Arreaza is travelling across the globe, closing economic cooperation deals with countries like Turkey, Syria and South Africa, out of the reach of US sanctions. Not to mention the military and oil industry deals with Russia.

Al Jazeera's Lucia Newman reports from Puerto Cabello, in northern Venezuela.

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Al Jazeera - Al Jazeera English is an international news channel with over sixty bureaus around the world that span six different continents. Since being established in 2006, it has continued to grow in reach and popularity due to its global coverage, especially from underreported regions. The channel currently broadcasts to over 250 million households across 130 countries. Al Jazeera English's in-depth approach to journalism has won it numerous awards and plaudits over the years. Al Jazeera English is part of the Al Jazeera Network - one of the world's leading media corporations, encompassing news, documentary and sports channels.

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