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US blockade cost Venezuela 35 billion dollars

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Staff Writer |
Jorge Arreaza
LatAm   Minister Jorge Arreaza

The United States' economic blockade has cost Venezuela 35 billion dollars, according to Foreign Minister Jorge Arreaza.

In an interview with the Iranian station Hispan TV, the Venezuelan diplomat noted that the blockade, added to the attack on national finances by foreign and domestic factors, has worsened the economic situation, which is being sold as a humanitarian crisis.

That alleged chaos is working as a strategy to justify a military intervention in the country with support from the political opposition.

'The financial system refuses to act with us and we have had to seek alternative routes with allies and friends that we have in the world. Venezuela is prevented from using the dollar as an exchange currency for purchases, for example,' he noted.

According to Arreaza, in addition to the sanctions and the blockade imposed by Washington since August 2017, there is a hyperinflationary process induced from US power centers that impose the exchange rate on the domestic economy.

Despite the aggressions, the head of diplomacy ratified that the Government is willing to establish sincere dialogue with the White House and the opposition, in order to prevent the coup d'état and an intervention in Venezuelan democracy.

The people today are defending their right to peace and to organize the country under the democratic criterion of the Constitution of the Republic, and without the tutelage of foreign powers, Arreaza stressed.


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