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US Sanctions Cause Venezuela to Tally Up Substantial Losses

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

Venezuelan Vice President Delcy Rodriguez said her country has lost about $232 billion since the Obama administration imposed sanctions on Venezuela in 2015.

She added Rodriguez: “The impact of the sanctions can be seen in the decline in oil production. Since 2015, losses have amounted to $232 billion. The loss of this amount over this period would mean the loss of 99% of hard currency income.”

The Vice President of Venezuela said that the United States has imposed more than 20,000 sanctions against 35 countries and is “in a state of economic or armed war, when the whole world is trying to ensure its existence in the future.”

And she noted Rodriguez that in 2015 the United States declared Venezuela a threat to US national security, after which various Western countries imposed 929 unilateral sanctions against Venezuela, 60% of which were from the United States.

She said: “In this way, an attempt is being made to destroy entire nations, including the people of Venezuela. But this did not happen… The economic war against Venezuela meant the systematic violation of human rights and the guarantees of these rights for our people, because it leads to the loss of life, food, education and health care, and also means the loss of personal individual development.

And Rodriguez emphasized that the Venezuelan private sector was also a victim of these sanctions, as it suffered extraordinary financial losses – logistics services for any Venezuelan businessman are much more expensive than for a businessman from Colombia, which is a neighboring country, and the reason for this is the American blockade of financial channels. and impeding access to the purchase of raw materials.

Source: News

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