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Maduro signs a law for the protection of Venezuelan assets abroad

The president of Venezuela, Nicolas Madurosigned this Monday the Law for the Protection of Assets, Rights and Interests of the Republic and its Entities Abroad, a framework of action for “protect heritage” of the country against any attempt or action of plunder from abroad, with or without the support of Venezuelans.

I proceed to sign, to extend the approval of this law so important for the patrimony”, said the president during the transmission of his television program “With Maduro +”.

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He said that this is a legal instrument to “protect assets and assets” that belong to Venezuelans.

The legislative text, approved by the Chavista-majority Parliament on Thursday, aims to “protect heritage“Venezuelan against any”attempt or act of plunder, carried out from abroad, with or without the participation of Venezuelan persons or entities”.

The Chavista deputy and first vice president of the United Socialist Party of Venezuela (Psuv), God given hairsaid that the law declares null and void any attempt or action of “International organizations“against state assets,”that belong to the people of Venezuela, do not belong to the United States and do not belong to any Venezuelan opposition political group”.

He Treasury Department American decided earlier this month, through general license number 42, not to adopt “coercive measures” to block the auction or a negotiated agreement on citgoa subsidiary of the Venezuelan oil company pdvsa In U.S.A.

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The license authorizes Parliament for the 2016-2021 period, made up of a broad opposition majority and replaced in 2021 by a Chavista-majority legislature, to carry out “certain transactions” regarding “any debt of the Government of Venezuela”, PDVSA or “any entity“in which the state company owns”an interest of 50% or more”.

The decision also allows the “negotiation of conciliation agreements” with persons designated by this Legislature, considered by USA as the last democratically elected institution in Venezuela.

Source: Elcomercio

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