According to the state television channel, Venezuelan President Nicolas Maduro signed a law approved by the country’s parliament to protect the assets, rights and interests of the Bolivarian Republic and its representations abroad. Venezuelan.
On the broadcast of the Con Maduro + program, the President of Venezuela said that the country has a new legal and constitutional tool to protect the heritage of all its inhabitants. Maduro called for the implementation of this law.
Diosdado Cabello, vice-president of the ruling United Socialist Party, said in a televised speech with Maduro that the purpose of the law is to protect the nation’s assets. Cabello said the law should guarantee the people of Venezuela urgent justice for the US action to nationalize the oil company Citgo.
The law passed invalidates any action aimed at confiscating Venezuelan assets, obliges all citizens of the country to protect these assets, and imposes personal liability for such actions.
Previously, Vice President of Venezuela Delcy Rodriguez stated that the country, starting in 2015, loss $232 billion due to Western sanctions.