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What sanctions do you mean, specifically? The US had barely any sanctions against Venezuela. Most sanctions were against members of the regime, not the country. The US remained the biggest customer for Venezuelan oil long after Chavez gained power.
https://en.wikipedia.org/wiki/Sanctions_during_the_Venezuelan_crisis
Chavez took power in 1999. More than a decade before these sanctions started.
The utter mismanagement by the Chavistas in power are the main reason Venezuela has been doing badly for years leading to a fucked economy, rising crime, lacking healthcare and food.
https://en.wikipedia.org/wiki/Hugo_Ch%C3%A1vez
From your source: 'Beginning in January 2019, during the Venezuelan presidential crisis, the U.S. applied additional economic sanctions to individuals or companies in the petroleum, gold, mining, and banking industries'
If you check the GDP per capita of Venezuela it was increasing at positive rate immediately after Chavez took power.
Life expectancy was also increasing after Chavez had taken over. https://data.who.int/countries/862
2019. Venezuela already had a decade of severe decline before that. Things got bad way before sanctions.
https://en.wikipedia.org/wiki/History_of_Venezuela