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
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

Venezuela increasingly becoming immune to US sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Feb 2024 20:52
  • 2 Shares
3 Min Read

Russia's Ambassador to Caracas attributed this success to collaborative efforts with Venezuela's allies, including Russia.

  • x
  • An aerial view of La Castellana square in Caracas, Venezuela, is pictured Sunday, Jan. 7, 2024. (AP Photo/Matias Delacroix)
    An aerial view of La Castellana square in Caracas, Venezuela, is pictured Sunday, Jan. 7, 2024 (AP Photo/Matias Delacroix)

Russia's Ambassador to Caracas told Sputnik on Sunday that Venezuela has successfully reduced the effects of US sanctions on its economy in the past five years. 

The diplomat attributed these efforts to join collaboration among Venezuela's allies, including Russia. 

"Thanks to the government's timely action and, of course, to the expert assistance provided by its friends, specifically Russia, Venezuela has gradually minimized the negative effect of unilateral restrictions and achieved sustainable growth," Sergei Melik-Bagdasarov said in an interview.

He added that the South American economy as a whole is experiencing a gradual recovery from post-pandemic restrictions. Construction projects have resumed, the fuel crisis has been addressed, and cultural activities are flourishing again.

"Five years ago, this place had routine supply and food problems, to say nothing of growing prices ... and inflation, while now the exchange rate of the national currency is relatively stable and stores are full of all kinds of goods, including imports," he added.

Read more: Caracas issues warning over Essequibo amid ExxonMobil's drilling plans

Related News

Iran, Venezuela stand firm, denounce ‘global arrogance’

Venezuelan FM slams Ukraine over Essequibo remarks

Positive signs for Venezuela's economy

During an annual address to the Venezuelan people on January 15, President Nicolas Maduro revealed positive economic indicators for Venezuela, stating that the country experienced over 5% economic growth in 2023.

The Bolivarian leader said he expects an 8% growth in 2024 despite ongoing economic challenges, including triple-digit inflation and significant emigration that were the outcome of years of US-imposed sanctions.

Maduro acknowledged that Venezuela's inflation rate, while high, is no longer the highest in Latin America, surpassed by the 200% in Argentina.

The central bank reported a slight improvement with inflation just under 190% in the previous year, compared to 234% the year before.

Read more: Maduro: CIA, opposition, imperialism seek to manipulate 2024 elections

On January 30, the US reimposed sanctions on Venezuela and its mining sector after the country's Supreme Court maintained the disqualification of an opposition leader in the Venezuelan elections. 

Earlier that month, Venezuelan Prosecutor General Tarek William Saab announced that the country's security forces successfully foiled preparations for five terrorist attacks and conspiracies, resulting in the detention of 27 individuals. 

One of the terrorist operations involved assassinating Maduro himself. He accused both the CIA and the Colombian army of being involved in the plot and said that agreements with the opposition over the country's 2024 presidential election were "mortally wounded" as a result of the plots.

  • Caracas
  • Russia
  • us sanctions on venezuela
  • Venezuela
  • de-dollarization
  • us sanctions

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

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