Guaido, US seize control of Venezuela’s $342 million
Gasoline shortages in Venezuela are rocking a nation already embattled by sanctions. An estimated $342 million in funds and property from the Venezuelan Central Financial institution, held by Citibank within the US, have been transferred to the US Federal Reserve. The Venezuelan Nationwide Meeting and opposition chief Juan Guaido declare they’re “defending” the property. Richard Wolff, professor of Economics and Worldwide Affairs and co-Founder of Democracy at Work, shares his insights.
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