On the 11th local time, Venezuelan Vice President Delcy Rodriguez issued a statement saying that the US sanctions against Venezuela have caused a loss of about $700 billion in Venezuela's gross domestic product. Of that, the country's oil industry lost nearly $232 billion and more than $22 billion was frozen in international banks.
Rodriguez accused the United States of failing to comply with the Barbados Agreement signed by the Venezuelan government and opposition in October 2023, and failing to lift sanctions against Venezuela as stipulated in the agreement.
Rodriguez also called for Latin America to create a new financial architecture, with its own currency for transactions and settlements.
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