The lat­est round of sanc­tions will cost Venezuela bil­lions of dol­lars in rev­enue and could re­sult in a new flow of il­le­gal mi­grants, which could cause se­ri­ous eco­nom­ic and so­cial prob­lems in T&T and oth­er neigh­bour­ing coun­tries.

On March 4, Colom­bian Pres­i­dent Gus­ta­vo Petro lament­ed the de­ci­sion of the Pres­i­dent of the Unit­ed States, Don­ald Trump, to elim­i­nate Li­cense 41, which al­lowed US oil and gas com­pa­ny Chevron to op­er­ate in Venezue­lan ter­ri­to­ry.

“Venezuela is re­turn­ing to pover­ty and the more pover­ty there is in the South­ern coun­tries, the more mi­gra­tion to the North­ern coun­tries. I think the caus­es of mi­gra­tion have not been un­der­stood,” the Colom­bian Pres­i­dent said through his X ac­count.