UKRAINE WAR
Caracas, 20 April (EFE) .- The President of Venezuela, Nicolás Maduro, assured this Wednesday that his country is ready to face the impact that the sanctions imposed on Russia by the United States and the European Union will have on the Rest of the country could have world, after the invasion of the Eurasian country into Ukraine.
“We are preparing, we are ready, I can say, to face the boomerang effect on the Western and world economy as a result of the different sanctions against the Russian economy. The sanctions are outlandish, but there is a lot of arrogance in the West, a lot of arrogance,” Maduro said in a speech broadcast by state-owned Venezolana de Televisión (VTV).
The President assured that the impact of the sanctions has even affected the countries from which these measures come, such as the US or European nations.
“The boomerang effect has hit the economies of Europe, the US and the world, causing record inflation. March inflation in the US was a record, the highest in 40 years. Inflation in Spain is the highest since 1985, to name just two examples,” he asserted.
He also accused the “multilateral institutions” of being “at the service” of the ideology and “of those who rule in the US and Europe”.
“These sanctions should be lifted like the sanctions against Venezuela, Cuba, Nicaragua and all the peoples of the world (…) the concept of sanctions tells you that the economy is not neutral, the dollar is not neutral, international banks are not neutral the International Monetary Fund, the World Bank are not neutral,” stressed Maduro.
The President assured that the Executive Vice President, Delcy Rodríguez, had drawn up a plan to avoid the impact of inflation and the “boomerang effect” in Venezuela due to the prices of wheat and corn, among other products.
To this end, the President stated that his government is working to ensure that all food consumed is produced on the territory and that export levels are met.
“Venezuela has to produce 100% of everything it eats, we have to make the utmost effort, maximum effort to produce everything,” he said.
On April 7, Russian Prime Minister Mikhail Mishustin said the West had imposed more than 6,000 sanctions on his country this year, an unprecedented number, due to Russia’s so-called “military special operation” in Ukraine.
According to Mishustin, the number of restrictions imposed on Russia exceeds that of any other country with “more than 6,000” individual and sectoral sanctions.