News By/Courtesy: Hemant Bhardwaj | 05 Dec 2018 0:13am IST

HIGHLIGHTS

  • According to the report published in CARACAS, on Monday the Turkish President Tayyip Erdogan during his visit to Caracas condemned the sanctions on the Venezuela
  • The officials of Venezuela have been accused of corruption and on certain financial transaction with the Venezuela government.
  • According to the executive order pass by US president last month which states prohibits anyone in United States from dealing with entities and people involved in “corrupt or deceptive” sale of gold.

According to the report published in CARACAS, on Monday the Turkish President Tayyip Erdogan during his visit to Caracas condemned the sanctions on the Venezuela on the other hand president of Venezuela Nicolas Maduro defended countries right to export gold after US sanctions last month targeted its shipment of the metal. The officials of Venezuela have been accused of corruption and on certain financial transaction with the Venezuela government thus Washington has imposed sanctions on official of Venezuela however it is also accused of violation of human rights that is the reason of triggering an economic meltdown thus ties between turkey and the United States, two NATO allies been weary.

According to the executive order pass by US president last month which states prohibits anyone in United States from dealing with entities and people involved in “corrupt or deceptive” sale of gold from the South American country. Venezuela has imported highest percentage of its non-monetary gold to Turkey. Erdogan said on the forum attended by business people from both countries thus this statement was made with Maduro by his side at the forum. ”we do not accept of these measures that ignore the rule of global trade”.

Hyperinflation has hit Venezuela thus the country is suffering from recession that has led to the shortage of food and medicine thus maduro frequently blames US “economic war” for the countries woes, according to the critics crisis is proof socialist policies started under his predecessor Hugo Chavez have failed.  According to the statement given by turkey president Erdogan “he does not directly states about US or Mr. Trump an he said that his friend maduro was facing “cunning attacks from certain countries which he did not mentioned “certain countries” and acts of sabotage from economic assassins however in reply Erdogan said he is interested in strengthen trade ties.

It has been seen that there is rise in the business of the two countries according to the reflection of the data countries import 900 million dollars in gold from Venezuela in the start of first nine months of the year, without naming the united states,  maduro denounce sanctions and stated that has all the right to sell gold, “the statement said by Maduro”. “It is very trivial to use an illegal sanction that will intend to protect Venezuela from selling its gold to the world”, during a joint press conference held on Monday with Erdogan who also visited Paraguay after attending the group of 20 summit in Argentina last weekend.

 

Section Editor: Shreyashi Tiwari | 05 Dec 2018 0:29am IST


Tags : #Turkey #Edrogan #Caracas #Venezuela #HumanRights

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