HomeEconomyWilliam Castillo: Citgo case is a lawfare against Venezuela

William Castillo: Citgo case is a lawfare against Venezuela

He assures that the sanctions are not easily lifted, which is why he questions the right's discourse about the possible lifting, if President Maduro is not re-elected.

The illegal and clandestine auction of Citgo constitutes “an operation of dispossession and lawfare against a State,” for which Venezuela will judicially pursue any entity that participates in this, said the vice minister of anti-blockade policies, William Castillo.

In an interview granted to the sputnik agency, Castillo assured that the Citgo case is an example of how Unilateral Coercive Measures (MCU) and legal actions can be used as political tools, while recalling that the United States and its allies have developed a complex legal framework to justify the dispossession of this strategic asset of Venezuela.

Likewise, he highlighted that the dispossession of this set of refineries and other Venezuelan assets abroad “introduces an element of uncertainty and pressure” into the electoral environment currently being experienced in the country, which, in his opinion, prevents normalization. of relations between Venezuela and the United States.

In this sense, he criticized the right-wing discourse, ahead of the presidential elections on July 28, about the possible lifting of sanctions if President Nicolás Maduro is not re-elected. “Sanctions are not easily lifted and are usually adapted to new political circumstances to maintain pressure on sanctioned countries,” he highlighted.

Venezuelan resilience

On the other hand, the Venezuelan official highlighted that despite the MCU, our country has grown for three consecutive years, and this trend is expected to continue during 2024.

“By 2024, the UNDP economic team forecasts an increase in average crude oil production by 73.000 barrels per day per year, which would bring the average production level to about 856.000 barrels per day (an increase of 9%). GDP would increase by 4,2% and private consumption by 2,5%. The final inflation in 2024 would be around 50,0%, if the trend of recent months continues,” Castillo added.

This recovery, according to Castillo, has been possible thanks to collaboration with countries that do not accept the MCU, such as Russia, China and Turkey, and the internal efforts of the Venezuelan people.

Leave a response

Please enter your comment!
Please enter your name here