The dictator of Venezuela, Nicolás Maduro, said Wednesday that his country is prepared to face the impact that the sanctions imposed by the United States and the European Union on Russia may have on the rest of the world, following the Eurasian country's invasion of Ukraine.
“We are preparing, we are prepared, I can say, to face the impact of the boomerang effect on the Western and world economy, as a result of the aberrant sanctions against the Russian economy. Sanctions are abhorrent, but there is a lot of arrogance in the West, a lot of arrogance,” Maduro said in a speech broadcast on the state television channel Venezolana de Televisión (VTV).
The president assured that the effect of sanctions has even hit the countries where these measures come from, such as the US or European nations.
“The boomerang effect has hit the economy of Europe, the US and the world and has generated record inflation. Inflation in March in the US was record, the highest inflation in 40 years. Inflation in Spain is the highest inflation since 1985, to give two examples,” he said.
He also held “multilateral institutions” responsible for being “at the service” of ideology and “those who rule” in the United States and Europe.
“These sanctions should be lifted like the sanctions on Venezuela, Cuba, Nicaragua and all the peoples of the world (...) the concept of sanctions shows you that the economy is not neutral, that the dollar is not neutral, that international banks, that the International Monetary Fund, the World Bank, are not neutral,” he insisted Mature.
The president said that the executive vice president, Delcy Rodríguez, prepared a plan to avoid the impact of inflation and the “boomerang effect” in Venezuela due to prices of wheat and corn, among other products.
To this end, the dictator explained that his regime works to ensure that all the food consumed is produced in the territory and that export levels are reached.
“Venezuela has to produce 100% of everything it eats, we have to make the supreme effort, maximum effort to produce everything,” he said.
On April 7, Russian Prime Minister Mikhail Mishustin said that the West has imposed more than 6,000 sanctions against his country this year, an unprecedented number.
(With information from EFE)
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