Venezuela Declares Economic Emergency: Maduro’s Decree Targets US Sanctions & National Recovery
Venezuela’s National Assembly in session, lawmakers voting on Economic Emergency Decree as President Maduro addresses US sanctions and economic recovery. Apr 10, 2025 Photo: VTV
April 10, 2025 Hour: 6:27 pm
Venezuela’s National Assembly approves Maduro’s Economic Emergency Decree to counter US sanctions, boost production, and safeguard sovereignty.
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National Assembly Approves Emergency Measures
Venezuela’s National Assembly approved an Economic Emergency State Decree on Thursday, proposed by President Nicolás Maduro. The measure, grounded in Article 111 of the parliament’s Internal Regulations, aims to implement strategies to strengthen the national economy amid external pressures, particularly sanctions imposed by the Trump administration.
Legislative Process and Next Steps
Assembly President Jorge Rodríguez announced the decree’s approval by a qualified majority, confirming it will be sent to the Constitutional Chamber of the Supreme Court (TSJ) and published in the Official Gazette. “This decree is approved and will be forwarded for publication,” Rodríguez stated.
Economic Resilience Amid Global Challenges
Jesús Faría, head of the Permanent Commission on Economy, Finance, and National Development, emphasized the decree’s importance in a hostile global context. “We’ve endured blockades and challenges, achieving 15 consecutive quarters of growth. This decree consolidates Venezuela’s wealth and unites us against economic warfare,” Faría declared.
Deputy Denounces Financial “Theft”
Deputy José Gregorio Vielma Mora accused foreign powers of “stealing” over $100 billion from Venezuelan resources. He asserted the decree will diversify the economy, ensure access to medicine and food, and establish alternative payment systems to protect economic sovereignty.
Constitutional Backing and Public Impact
Nicolás Maduro Guerra, another lawmaker, highlighted the decree’s constitutional legitimacy and benefits for citizens. “This decree supports the people’s interests and advances President Maduro’s economic plan,” he said.
Government Pledges Production and Stability
Luis Eduardo Martínez reiterated the Bolivarian government’s commitment to welfare, stating, “We invest daily in strategies to boost national production and guarantee essential services.” The decree also aims to stabilize the monetary system and create an industrial plan to tackle the global economic crisis.
Long-Term Goals Amid International Pressure
With this decree, Venezuela seeks to address current economic challenges while laying the groundwork for sustainable development in a complex global environment.
Autor: MLM
