Venezuela implements measures to counter the impact of sanctions on Russia

“We are ready to counteract the impact of the rebound effect (…), as a result of anomalous sanctions against the Russian economy. There is a lot of arrogance in the West. These sanctions must be lifted, like those imposed on Venezuela,” the president said on the working day, which was held from the Miraflores Palace. Cuba and Nicaragua.

He stressed that the ongoing sanctions against Russia show that international markets and organizations are not independent and that they serve the United States only.

He stressed that the concept of sanctions shows that the economy is not neutral, and that international banks, the World Bank and the International Monetary Fund “serve the politics, ideology and power struggle of those who rule the United States and Europe, and the use of the dollar to bend the arms of the world.”

In this regard, he said that the sanctions applied to the Eurasian state, after the start of special military operations on Ukraine, which were announced on February 24, severely damaged the global economy and generated an inflationary surge.

Maduro set the benchmark for inflation in the United States, which reached its highest level in the last 40 years, and inflation in Spain, which recorded its highest rate since 1985.

For her part, the Executive Vice President, Delcy Rodriguez, confirmed that this plan envisages enhancing national production through customs and non-tariff policies.

Similarly, work will be done to combat speculation and increase production in the fields of legumes and oil, because they are two of the areas that most affect the rise in inflation in some countries.

jha / ycv