Gasoline shortages in Venezuela are rocking a nation already embattled by sanctions. An estimated $342 million in funds and assets from the Venezuelan Central Bank, held by Citibank in the US, have been transferred to the US Federal Reserve. The Venezuelan National Assembly and opposition leader Juan Guaido claim they are “protecting” the assets. Richard Wolff, professor of Economics and International Affairs and co-Founder of Democracy at Work, shares his insights.
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