The Inter-American Dialogue’s work in the Andes region examines opportunities and challenges facing Bolivia, Colombia, Ecuador, Peru, and Venezuela. Issues include democratic governance, security and drug policy, cross-border relations, and energy.
In January, the surprising emergence of Juan Guaidó as the opposition’s leader was followed by months of frenetic activity on the Venezuela crisis. Today there seems to be a pause in the high drama. It is in this context that former Chilean president, Michelle Bachelet, now the UN High Commissioner for Human Rights, is making a three-day visit to Venezuela. Although it is hard to predict the final result of the visit, there is little doubt that both sides of this tragic and protracted stalemate will seek to take maximum political advantage.
I think for the most part we are already seeing the impact that secondary sanctions would have. Official secondary sanctions would close some loopholes Venezuela is still able to exploit, but Venezuela is already very dependent on exporting to countries that refuse to get in line with US sanctions policy.