Venezuela Loses 99 Percent of Its Income Due to US Sanctions
By teleSUR
05 December 20
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Despite the damage caused by the U.S. blockade, the Bolivarian government
keeps the social programs running.
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Venezuela's President Nicolas Maduro held a meeting with journalists on
Thursday at the Miraflores Palace, where he denounced that the U.S.
arbitrary sanctions
have caused a loss of 99 percent in the country's income.
He noted that despite losses in several economic sectors, investments in
health, education, and housing have been maintained.
The sanctions have also impacted the wages received by workers, so a
strategy was outlined for their recovery in the first half of 2021.
Meanwhile, in a bid to protect the economic sector, a decision was taken to
combine the national currency with crypto monies and other currencies.
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Nicolás Maduro
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Hermoso recibimiento con música, cantos y la alegría de todo nuestro pueblo
que acudió masivamente a llenar las calles de Caracas para respaldar a los
candidatos y candidatas de la Revolución Bolivariana. Con el Gran Polo
Patriótico ¡Vamos a Rescatar la Asamblea Nacional!
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6:30 PM · Dec 3, 2020
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The meme reads, "Beautiful reception with music, songs, and the joy of all
our people who flocked to fill the streets of Caracas to support the
candidates
of the Bolivarian Revolution. With the Great Patriotic Pole, Let's Rescue
the National Assembly."
Referring to the Anti-Blockade Law, Vice President Delcy Rodriguez pointed
out that new markets and ships are being sought in order to achieve "a
recovery
of the oil output".
Venezuelan authorities advocated a consensus in order to achieve stability
to the energy markets, following the conclusion of the 12th OPEC and
non-OPEC
Ministerial Meeting (ONOMM) held via videoconference on Thursday.
"We are working hard to maintain all the Missions and large Missions,
health, education, housing, to maintain the level of employment," Maduro
said.
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News Bits | U.S admits payments to Venezuela opposition sectors.
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