Deputy Minister Castillo: U.S. coercive measures against Venezuela increased to 1,027

Published at: 16/01/2025 11:16 PM

Venezuela, in just 15 days of this new year 2025, has more than a thousand coercive measures illegally imposed by US imperialism and its subordinate countries, said William Castillo, Deputy Minister of Anti-Blockade Policies of the Ministry of People's Power for Economy, Finance and Foreign Trade.

“A country with 1,027 unilateral coercive measures, now, because 53 sanctions were nailed to us after January 10,” he said in an interview on the 360° program, broadcast by Venezolana de Televisión.

In the television space, the announcements of the President of the Republic, Nicolás Maduro, were analyzed in his Annual Message to the Nation, this Wednesday, January 15, before the special session of the National Assembly (AN).

Castillo confirmed that, thanks to anti-blockade policies, an exceptional recovery has been achieved, despite the so-called “sanctions” and international investment planned for the coming years of this new presidential administration.

He reported that the reorganization of public management and the reengineering announced by the head of state in the —now— 13 Economic Engines will empower sectors that can quickly provide foreign currency to the country.

“The fall in foreign exchange income is a problem in Venezuela, which, although it has improved significantly, no one can deny it. That is why we see the increase in bonds, the benefits that we are gradually recovering, but we are still a long way off in terms of the country's foreign exchange income,” he exemplified.

He compared that with respect to the income that Venezuela received in 2014, “I may be exaggerating, because I am not a specialist, but it could be that even with the great growth of 2024, this foreign exchange income that we are receiving is 10% or 12% of the revenues of 2014.”

“So, there is still a lack of a path and the rearrangement of economic engines, especially investment projects, but all this is articulated and had only one policy, because we have to understand that and that is that it is aimed at sectors that can quickly generate foreign exchange for the country, to be reverted to the country,” he said.

He said that the International Center for Productive Investment (CIIP) has articulated the economic policy of the National Government and has managed to sign 52 billion dollars of foreign investment to work them in Venezuela.

In this sense, he compared this volume with the billions of dollars that the United States and warring countries have allocated to world wars, and he affirmed that the country will be able to develop over the next few years.

“It's not money that's all invested right now in Venezuela, but rather they are three-year, four-year, five-year projects. You have to create companies, you have to create plants, you have to develop products. That means a guarantee of employment, development, services (...) and improvements in workers' incomes,” he explained.

“So, it's an extraordinary thing, which is lost sight of in an assaulted country (...) It's an extraordinary, wonderful achievement!” , he emphasized.

Mazo News Team