July 25, 2024

Venezuela congress ratifies ‘anti-blockade’ law to seek investments

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Venezuela’s Socialist party-controlled National Assembly on Thursday ratified an “anti-blockade” law, as President Nicolas Maduro seeks to attract private investment to boost the OPEC nation’s struggling economy despite U.S. sanctions. The law, which applies to the country’s key oil sector, allows companies to sign deals confidentially to avoid being sanctioned themselves. By Deisy Buitrago, Mayela Armas and Luc Cohen. Full Text-> FinantialPost

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