#pdvsa

[indizombie]

Last week, the US government authorized the company Chevron to resume production and export operations of Venezuelan oil after three years. The agreement would be for six months, with the possibility of renewal, and would involve the Venezuelan state company PDVSA, according to specialists who analyzed the negotiation. The announcement of the understanding and relief of US sanctions was made after the resumption of dialogue between the Maduro government and the Venezuelan opposition, during which the two sides agreed to create a fund, which would be managed by the United Nations, to finance food programs. , health and education in Venezuela.

‘Why Venezuela will grow 12% in 2022 after 10 years of decline’, Goa Spotlight

[fuckyeahmarxismleninism]

The negative repercussions of sanctions on Venezuela

By Pasqualina Curcio

As a result of the blockade of PDVSA and the attack on the bolivar, Venezuelans have stopped producing around US$170 billion between 2016 and 2019 alone. A figure that, for Venezuelans, is equivalent to the import of medicines and food for 40 years, or the equivalent of the resources needed for the provision of health services, public and private, for 25 years, or for education at all levels for 20 years.

To these economic losses, we must add the almost US$ 25 billion that are being held in international banks or that have been stolen from us in assets, as in the case of Citgo, a subsidiary of PDVSA.

[fresherbrine]

2/04/2019 BBC: Maduro and Guaidó: Who is supporting whom in Venezuela?

[coindelite-blog]

Venezuela Government Orders Banks to Use Petro Cryptocurrency | Coindelite News

Maduro government has been in the news for launching its own cryptocurrency in the state. According to the reports, the government has now ordered banks to use Petro cryptocurrency.

Venezuela Government Orders Banks to Use Petro Cryptocurrency

To read more latest news visit: https://coindelite.com

[ccs-caos]

por Sergio A. Muñoz B. Caracas 2016

www.caracascaos.com.ve

[fuckyeahmarxismleninism]

Trump freezes all Venezuelan government assets in bid to pressure...

(Reuters) - U.S. President Donald Trump imposed a freeze on all Venezuelan government assets in the United States on Monday, sharply escalating an economic and diplomatic pressure campaign aimed at removing socialist President Nicolas Maduro from power.

The executive order signed by Trump goes well beyond the sanctions imposed in recent months against Venezuela’s state-run oil company PDVSA and the country’s financial sector, as well as measures against dozens of Venezuelan officials and entities. Trump’s action, the toughest yet against Maduro, not only bans U.S. companies from dealings with the Venezuela government but also appears to open the door to possible sanctions against foreign firms or individuals that assist it. Russian and Chinese companies are among those still doing significant business in the South American OPEC nation.

[fuckyeahmarxismleninism]

In the past year, Trump's sanctions have cost Venezuela $6 billion. The new sanctions have frozen $7 billion in assets, and the oil embargo will cost Venezuela $11 billion in oil revenues. This is not abstract: it means literal starvation, literal mass murder.

George Ciccariello-Maher via Twitter

[fuckyeahmarxismleninism]

Washington, DC: U.S. / Big Oil Hands Off Venezuela!

Monday, May 21 - 5:00 to 6:30 pm

235 7th St NW, Washington D.C. 20004

U.S. / BIG OIL HANDS OFF VENEZUELA ConoccoPhillips Release PDVSA Assets! NO SANCTIONS - NO WAR ON VENEZUELA Venezuela is right in the middle of its election process with expectations that President Maduro, who has the backing of the working class and poor people of Venezuela, will win. Right before the elections, ConoccoPhillips, a billion dollar U.S. oil and gas company, has attached the Caribbean assets of Venezuelan PDVSA. This move is meant to further attempt to strangle the economy of Venezuela and create unrest. Trump and Secretary of State Rex Tillerson have threatened to target Venezuela’s oil industry if Maduro wins and to levy sanctions which would prohibit Venezuela oil to be sold in the United States. Why is this important? The attempts by the United States government and big business are an effort to strangle the Venezuelan people first, by making it difficult for the Venezuelan government to have the financial ability to provide needed services for the people i.e. education, food, housing; and secondly by promoting armed counter revolution led by the wealthy classes inside Venezuela and ultimately leading to the potential for outside intervention by the U.S. and other reactionary forces. This is a battle between rich and poor. These same big oil companies and the banks have jacked up oil and gas prices here at home and are part of the capitalist business wing that supported the rise of Trumpism. They are virulently racist and anti-union. It’s important to remember that Venezuelan oil companies like Citgo helped to heat the homes of poor people right here in the United States with their free heating oil programs. We demand that big oil and the U.S. government respect the rights of the Venezuelan people to govern their own country free of every form of intervention, not only military, but also economic strangulation and interference. NO SANCTIONS! NO WAR ON VENEZUELA! Endorsers include: Workers World Party - DC and Baltimore; Peoples Power Assembly; Youth Against War & Racism (list in formation) CAR CARAVAN FROM THE BALTIMORE SOLIDARITY CENTER Leaving at 3 pm sharp. Call 410-218-4835 to catch a ride.