![Venezuelan flag in front of PDVSA installation. US sanctions prevent the company from establishing regular commercial relations with its partners. Photo: AFP.](https://orinocotribune.com/wp-content/uploads/2022/09/Getty-Imagespdvsa.jpg)
Venezuelan flag in front of PDVSA installation. US sanctions prevent the company from establishing regular commercial relations with its partners. Photo: AFP.
Orinoco Tribune – News and opinion pieces about Venezuela and beyond
From Venezuela and made by Venezuelan Chavistas
Venezuelan flag in front of PDVSA installation. US sanctions prevent the company from establishing regular commercial relations with its partners. Photo: AFP.
PDVSA analysts concluded that the losses caused by the US blockade and “sanctions” against Venezuela have reached an average of 30 million dollars annually since 2014; since that year more than 7 billion dollars remain blocked in 40 international banks.
In Últimas Noticias, Venezuela oil expert Werther Sandoval concluded from industry reports that the accumulated losses, at the end of 2021, amount to 240 billion dollars, which has undoubtedly had an impact on the economy and the development of the country.
Similarly, to the suffering of the population is added “the rapacious dispossession of PDVSA assets, whose material damages include 30 billion dollars in oil assets and the indicated 7 billion dollars blocked and confiscated, among whose destinations is the purchase of medicines and food.”
Next, we systematize other damages to the industry pointed out by Sandoval:
Translation: Orinoco Tribune
OT/EF/JRE