Economic Blockade of Venezuela: Direct Intervention in Sovereignty

Caracas, Mar 25 (Prensa Latina) After four decrees since President Donald Trump took office, the US economic blockade of Venezuela is aimed at interfering in the South American country’s sovereignty.

A report published by the Venezuelan Foreign Ministry denounced Washington’s plans to harass finances, with repercussions on all Venezuelans, without class distinctions or political affiliation, particularly on the most vulnerable sectors of society.

The latest Executive Orders closed a cycle that started in 2014, when the US Congress approved the Venezuela Defense of Human Rights and Civil Society Act (S. 2142) and the so-called Obama Decree that defined the South American nation as ‘an unusual and extraordinary threat’ for the security and foreign policy of the United States.

‘In total, since March 2015, the United States has issued six decrees that penalize and punish economic activities, focusing on the financial and oil sectors and establishing a blockade,’ the report noted.

These instruments legalized a policy of direct intervention in Venzuela’s sovereignty and internal affairs, while escalating the persecution of the Government and the country’s development, the document added.

The White House’s agenda of aggressions promotes the refusal to grant credits, the blockade and high costs of international financing for the country, thus causing huge losses, the report stated.

Likewise, it also includes the persecution of operations by the state-owned company Petroleos de Venezuela (PDVSA), damaging the hydrocarbon industry.

The blockade has had direct repercussions on the lack of products in key sectors of the economy such as food, medicines and basic needs for the industry, the document concluded.


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