Venezuela Loses 99 Percent of Its Income Due To US Sanctions

[Judi Lynn]

Published 4 December 2020

Despite the damage caused by the U.S. blockade, the Bolivarian government keeps the social programs running.

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.

More:
https://www.telesurenglish.net/news/Venezuela-Loses-99-Percent-of-Its-Income-Due-To-US-Sanctions-20201204-0016.html

[enid602]

1. damage

Boy, I just hope other countries are never in the position where they can cause such damage to us. Some of them hate us, you know

[Karadeniz]

2. Leave them alone! This isn't a winning foreign policy.

[EX500rider]

3. Sanctions are not the same as a blockade, there is no blockade nt