A state television outlet reported that President Nicolas Maduro signed a new law approved by the National Assembly. The measure is described as a framework to safeguard the country’s assets, rights, and interests at home and in representations abroad. This step is presented as a strategic move to shield Venezuela’s wealth from external pressures while preserving the nation’s sovereignty on the global stage.
During a broadcast of the program Con Maduro +, the president emphasized that the nation now has a fresh legal and constitutional tool designed to defend the patrimony of all Venezuelans. Maduro called for its prompt and full implementation, signaling a priority for strengthening economic and legal security for citizens and the state alike.
In a televised discussion with Maduro, Diosdado Cabello, a leading figure in the ruling United Socialist Party, outlined the law’s central objective: to protect the country’s assets from interference or seizure. He underscored that the measure aims to ensure timely and equitable justice in the wake of external actions perceived as hostile, including disputes over the Citgo oil company and related implications for national resources.
The new statute declares that any attempt to confiscate Venezuelan assets is invalid and that all citizens have a duty to safeguard these assets. It also establishes personal accountability for actions perceived as threats to national wealth, reinforcing a sense of collective responsibility throughout the country. The law is framed as part of a broader strategy to deter aggressive moves against Venezuela’s economic interests and to reinforce confidence in the state’s ability to defend strategic resources.
Earlier statements from Delcy Rodríguez, the vice president of Venezuela, highlighted the substantial economic impact of Western sanctions. She noted that, beginning in 2015, the country faced losses estimated at roughly 232 billion dollars, a figure the administration attributed to external pressure and financial restrictions. The discussion around these losses is positioned within a narrative that connects the new legal instrument to broader efforts to stabilize the economy and protect national assets amid ongoing geopolitical challenges.
Analysts point to the law as part of a wider policy framework in which the Caracas government seeks to align legal instruments with economic resilience goals. Supporters argue that the measure fortifies sovereignty, clarifies citizen obligations, and provides a robust mechanism to respond to acts of asset degradation or expropriation. Skeptics, meanwhile, may question how the law will operate in practice and how it will interact with international law and foreign investment commitments. The administration, however, presents the statute as a necessary safeguard during a period of economic volatility and external pressure.
For Venezuela, this move arrives amid a longstanding effort to assert control over critical national resources and to ensure that strategic assets retain their value for the state and the people. The law’s proponents insist that it creates a clear line of defense for the country’s economic interests and serves as a signal to international markets that Venezuela intends to defend its patrimony without compromising its legal frameworks or commitments to its citizens. The evolving narrative surrounding the measure emphasizes resilience and a proactive approach to safeguarding wealth that is viewed as essential to national development and social welfare.
In summary, the legislation is presented as a comprehensive tool to prevent asset expropriation and to mobilize civic responsibility in protecting national wealth. It frames the issue in terms of sovereignty, justice, and the protection of a shared economic future for all Venezuelans, while acknowledging the broader international dynamics that influence the country’s financial landscape. Attribution: Venezuelan state media reports and official statements from domestic authorities.