English
Español
Venezuelan Economy Grows Despite External Blockade: Rodriguez
especiales
“Our disposable income reached US$1,7 billion and oil production was strengthen enough to produce 2 million oil barrels,” the Bolivarian vice president pointed out.
On Tuesday, Vice President Delcy Rodriguez pointed out that Venezuela shows high economic recovery rates despite the U.S. and European Union blockades.
RELATED:
“Our disposable income reached US$1,7 billion and oil production was strengthen enough to produce 2 million oil barrels,” Rodriguez highlighted, adding that economic activity recovery rates of up to 29 percent have been achieved in certain sectors.
In 2021, food supply grew by 69 percent compared to 2017, and 60 percent of private companies increased their sales. The Bolivarian government granted 500,154 dwellings to vulnerable families.
Non-traditional exports increased by 76 percent, and hotel occupancy rose to 94 percent. At the end of 2021, the inflation rate was about 2 percent, and tax collection increased to 120 percent.
"Despite these achievements, our economy is still feeling the effects of 500 unilateral coercive measures in force since 2014,” the Vice President pointed out.
Besides freezing the Bolivarian assets in U.S. territory, these coercive measures forbid U.S. citizens from doing business with Venezuelan oil sector and impose "secondary sanctions" against any non-U.S. person or institution that carries out transactions with Venezuelan companies.
“Due to this policy, the costs of selling Venezuelan crude oil represent 25 percent of the crude price," Rodriguez explained, stressing that the Venezuelan people should be informed of the impacts of the blockade since they are the ones who suffer the most its consequences.
Add new comment