The economic blockade strategy against Venezuela was designed to cut off sources of external financing and block sovereign debt in dollars, deteriorating its value, preventing its renegotiation, and raising the country risk to the point of scaring away international capital.
At the same time, oil production was systematically demolished: export revenues fell from $39 billion in 2014 to just $743 million in 2020. According to the report “The Numbers of the Blockade (2014-2023). Statistical Account of an Aggression” by the Venezuelan Anti-Blockade Observatory, in seven years Venezuela lost 99 out of every 100 dollars it received.
Although there has been a slight recovery since 2021, revenues in 2022 represented only 10% of those collected in 2015, the year in which the Unilateral Coercive Measures were intensified.
Source -> https://observatorio.gob.ve/#numeros_del_bloqueo_vf_mayo_2023/1/
