Venezuela recovery plans

The internally triggered fall in oil production has been aggravated by the imposition of US economic sanctions. Quantifying the relative importance of these sanctions is important. In a transition scenario, if the US is party to a negotiated political settlement, it can be expected to move quickly to help the new administration by removing the sanctions. How much of an economic boost might that provide? To answer that question, is it is first necessary to fill in some background details.

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