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We revisit the results of a recent paper by Equipo Anova, who claim to findevidence of an improvement in Venezuelan imports of food and medicinesassociated with the adoption of U.S. financial sanctions towards Venezuela in2017. We show that their results are consequence of data coding errors andquestionable methodological choices, including the use an unreasonablefunctional form that implies a counterfactual of negative imports in theabsence of sanctions, the omission of data accounting for four-fifths of thecountry's food imports at the time of sanctions and incorrect application ofregression discontinuity methods. Once these errors are corrected, the evidenceof a significant improvement in the level and rate of change in imports ofessentials disappears.

Sanctions and Imports of Essential Goods: A Closer Look at the Equipo Anova (2021) Results