Economy 11-09-2018

Venezuela suffers millions in losses due to US sanctions

Venezuela has suffered losses of $ 265 million between 2007 and 2018 as a result of the sanctions imposed by the US, said the foreign minister of the Caribbean nation, Jorge Arreaza, during his presentation at the 39th Session of the Council of Human Rights of the UN, held in Geneva.

"Our securities suffered due to the US sanctions a real loss of its value of 265 million from the year 2007 until the year 2018, dollars are talking," he said.

The chancellor denounced "once again here the siege against Venezuela, the financial economic blockade against our country, the unilateral coercive measures by the US Government, by the EU, that try to make our economy" scream ".

"According to the Pan American Health Organization (PAHO), 120 million dollars are needed by Venezuela to guarantee vaccines for the entire population, retroviral drugs, supplies for blood banks, antimalarial drugs, anti-tuberculosis drugs, the oncological medicines, "he enumerated.

The representative of diplomacy indicated that this is "only in one institution".

In addition, he noted that in Brussels there are "more than 1,600 million Venezuelan dollars also blocked by a financial intermediary company whose name is Euroclear, that is money of the people of Venezuela, which is blocked to generate internal situations."

"Our generation, I am 45 years old, precisely, grew up under the fear of the impossibility of carrying out a popular democratic project because we would run the fate that Chile ran in 1973 [when the Government of Salvador Allende was deposed by a military coup led by Augusto Pinochet], "he said, after indicating that the coup was preceded by a process of financial strangulation.

According to Arreaza, "our [Latin American] peoples have insisted and will insist on their freedom, on their independence, and on equality as the fundamental premise."


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