US sanctions cost Venezuela billions: Paredes

20 Feb 2019 16:40pm
WINDHOEK, 20 FEB (NAMPA) – Venezuela’s Ambassador to Namibia, Omar Ernesto Berroteran Paredes, said his country’s economy lost more than US.dollars 30 billion due to sanctions from the United States of America over the last few years.
“Please tell me which country in the world can resist an impact in their economy with such a criminal blockade against our financial institutions and oil industry,” he told the media after presenting his letter of credence to President Hage Geingob at State House on Wednesday.
Paredes noted that Venezuela is at the moment a stable country but that unfortunately, foreign forces want to destabilise it.
The economy, he explained, is suffering from a high inflation as a result of the economic sanctions imposed by the United States of America.
Paredes also thanked Geingob on behalf of his President, Nicolás Maduro, for Namibia’s support, calling it support towards not only Venezuela as a country, but also towards truth and democracy.
He further explained that Maduro was elected into office last year with more than 67 per cent of the vote in an election in which millions of Venezuelans participated.
“We received international observers including the African Union delegation and all of them participated in the electoral process and they validated the result. So I think the brave position of 16 African countries is a very important support for the truth, for the respect of international law and the principle of the United Nations Charter,” he said.
Geingob, during his toast at the presentation, welcomed Paredes and told him that the Southern African Development Community and the Namibian Government issued a statement on their position which recognises the elected presidential candidate.
Other diplomats who also presented their credentials are Cuban Ambassador Sidenio Acosta Aday, Kenyan High Commissioner Benjamin Kipkirui Langat, Brazilian Ambassador Jose Augusto Silveira de Andrade Filho and non-resident Jamaican High Commissioner, Angella Veronica Comfort.