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 reiterates proposal for Russia and Ukraine to stop at current front line, negotiate later
Reuters: Trump says no discussion regarding Ukraine ceding Donbas to Russia
US Vice President JD Vance: There is currently no security infrastructure in place to ensure the disarmament of Hamas
Israeli occupation forces said that "ceasefire in Gaza begins to be re-implemented."
Israeli media: 'Israel' to halt entry of humanitarian aid into Gaza until further notice.
Al Mayadeen correspondent: One woman was killed and several children were injured as a result of Israeli bombing of displaced Gazans' tents in the Mawasi area of ​​Khan Yunis, south of the Gaza Strip.
Al Mayadeen correspondent in Gaza: An Israeli airstrike targeted the eastern areas of Jabalia, north of the Gaza Strip.
Al Mayadeen correspondent in Gaza: An Israeli airstrike targeted Al-Bureij refugee camp in the central Gaza Strip.
Al-Qassam Brigades: Communication has been severed with what our remaining fighters (if any are still alive) in Rafah, which is currently under occupation's control.
Al-Qassam Brigades says continues to abide by ceasefire, no knowledge of developments in Rafah.

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

Top US commander in Latin America steps down amid growing scrutiny

Venezuela asks UN to declare US strikes illegal, cites civilian deaths

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

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025
2K Palestinian detainees freed, defy occupation with mass welcome

2K Palestinian detainees freed, defy occupation with mass welcome

  • Politics
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Russian banks begin accepting Iranian LCs to boost bilateral trade
Economy

Russian banks begin accepting Iranian LCs to boost bilateral trade

IOF admit to the killing of two soldiers in Gaza
Politics

Israeli occupation forces says two soldiers killed in southern Gaza

President Donald Trump attends a lunch with Ukraine's President Volodymyr Zelenskyy in the Cabinet Room of the White House, Friday, Oct. 17, 2025, in Washington. (AP Photo/Alex Brandon)
Politics

Trump: No Gaza troops, no more arms to Ukraine, tariffs on China

Iranian Foreign Minister Abbas Araghchi speaks in a meeting with ambassadors and representatives of foreign countries in Tehran, Iran, Sunday, Oct. 5, 2025. (AP Photo/Vahid Salemi)
Politics

Iran-China-Russia alliance to counter EU snapback move: Tehran

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