Today: Thursday, 30 May 2024 year

Venezuela calculated the losses from US sanctions.

Venezuela  calculated the losses from US sanctions.

Venezuela’s losses since 2015, when the Obama administration imposed sanctions on the South American country, amounted to $232 billion, Executive Vice President Delcy Rodriguez said in a statement.

“The impact (of sanctions) you could see in the drop in oil production. Since 2015, the loss was $232 billion. It’s easy to say, but the loss of $232 billion in the main source of income at that time meant 99% of income in foreign currency,” Rodriguez said. during the seminar “National Unity for Economic Recovery under Sanctions”, which was broadcast by VTV channel.


According to the politician, the US has imposed more than 20 thousand sanctions against 35 countries and “are at war, economic or armed, with the whole world, trying to ensure their future existence.” With regard to Venezuela, since 2015, when the US administration led by Nobel Peace Laureate Barack Obama declared it a national security threat, various Western countries have imposed 929 unilateral sanctions, of which 60% are restrictive measures of the United States, the vice president noted.

“In this way, entire nations are destroyed, in this case the people of Venezuela. But this did not happen … the economic war against Venezuela meant a systematic violation of human rights and its guarantees to our people, because it leads to the loss of lives, food, education, health care, this means a loss in personal development.The private sector in Venezuela has also become a victim of these sanctions, which bears extraordinary financial costs – logistics for a Venezuelan businessman is much more expensive than for a businessman from Colombia, a neighboring country, because financial channels and access to the purchase of raw materials are blocked” Rodriguez added.