Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Trump signs executive order on changing name of Department of Defense to Department of War
Syrian media: A car bomb detonated in Al Mashhad Street in Aleppo, potential casualties reported
Lebanese government: The army will act within the framework of the relevant decision during the August 5 session, but it has the right to exercise operational discretion
Lebanese government: The Army Commander outlined the restrictions related to the implementation of the plan, the first of which is Israeli attacks
Lebanese government: The Lebanese Army will begin implementing the plan under the available capabilities
Lebanese government: Any progress in implementing the US envoy's paper is contingent on the Israeli side's commitment
Lebanese government: Lebanon approved the paper's objectives in the cabinet and prepared the army's plan, but the Israeli side did not take corresponding steps
Lebanese government: The US envoy’s paper stipulated coordinated steps from all parties, and its implementation is contingent on the approval of the concerned parties
Lebanese government: 'Israel's' continued violations expose regional security and stability to grave risks
Lebanese government: The army command will submit a monthly report to the Council of Ministers

Lavrov: Russia will stand with Venezuela as US freezes foreign assets

  • By Al Mayadeen English
  • Source: Agencies
  • 4 Jul 2022 17:46
2 Min Read

Russia to support Venezuela's economy in the face of the continuous attempts by the US to contain its economy.

  • x
  • Lavrov: Russia will stand with Venezuela in the face of the US
    Russia could help shield Venezuela’s economy from continuing US attempts to undermine it.

Given that the US had frozen overseas assets for both Venezuela and Russia, Russian Foreign Minister Sergey Lavrov said, on Monday, that his country could help shield Venezuela’s economy from continuous US attempts to undermine it. 

At a press conference in Moscow, after Russia had hosted Venezuelan Foreign Minister Carlos Faria, Lavrov declared that "we know how determined the Americans and their allies were and still are to undermine the Venezuelan economy. We can already see that these plans will not succeed. The Venezuelan economy is demonstrating the ability to withstand this pressure. Of course, we will help it in any way we can."

The two counterparts agreed that the US determination to block assets of sovereign states held in foreign accounts was “not just blatant robbery... but a gross violation of social and economic rights of the citizens," Lavrov said.

Related News

FP: Why the Global South won't pick sides in US-China rivalry

US sanctions won't stop shift to multipolar world: Zakharova

In the past months, the United States has been spearheading a western campaign to impose sanctions on Russia in light of the war in Ukraine, which saw Moscow coming under a tide of draconian comprehensive sanctions, including restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

On June 2, the British newspaper The Guardian said Russia is winning the economic war the western nations have been waging with an aim to force it to back down on Ukraine.

Economic sanctions against Moscow resulted in a hike in the prices of global fuel and food, which boosted Russia's trade balance, financed its operation, and put a significant strain on Western economies, according to the daily.

Earlier, Hungarian Prime Minister, Viktor Orban, said that Europe is "dancing" on the brink of a global economic crisis because of sanctions against Russia.

  • global south
  • frozen assets
  • Russia
  • Venezuela
  • Latin America

Most Read

Al Mayadeen English

Hezbollah’s weapons and the lessons of Syria, PLO, and Algeria

  • Politics
  • 2 Sep 2025
This Jan. 31, 2019 file photo, shows an oil platform in the Leviathan natural gas field, in the Mediterranean Sea off the Palestinian coast. (AP)

Netanyahu freezes $35 bln gas deal with Egypt over troops in Sinai

  • Politics
  • 2 Sep 2025
The Coming War On Iran Will Be Regional, Perhaps International

The coming war on Iran will be regional, perhaps international

  • Opinion
  • 2 Sep 2025
ap

Germany blocks EU push to sanction 'Israel' over war on Gaza

  • Politics
  • 31 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Senators demand end to GHF amid ethnic cleansing allegations
Palestine

Democratic senators call GHF Gaza aid scheme deadly, urge funding cut

Finnish flag in an undated photo (AFP)
Politics

Finland backs UN declaration supporting 'two-state solution'

UN Probe: Sudan’s RSF committed ‘myriad crimes against humanity’
Politics

Sudan’s RSF committed ‘myriad crimes against humanity’: UN probe

How a secret SEAL team 6 mission in North Korea collapsed under fire
Politics

How a covert US SEAL Team 6 mission in DPRK collapsed under fire

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS