Alastair Campbell believes that US sanctions on Venezuela have negative economic consequences but are only effective because of the existing mismanagement of the Venezuelan economy.

“yes definitely us sanctions particularly the oil sanctions have had a negative impact but they only have an impact because of the grotesque mismanagement of the Venezuelan economy and its overdependence on oil in the first place”

Implementing targeted asset freezes and travel bans, such as those in the Magnitsky Act, is an effective way to hold corrupt officials accountable.

“The idea was that we would freeze their assets in the west and ban their travel to the west. And that became known as the Magnitzky Act.”