Venezuelan Gov’t Demands Release of Frozen Assets for Post-Earthquake Reconstruction - Venezuelanalysis<https://venezuelanalysis.com/news/venezuelan-govt-demands-release-of-frozen-assets-for-post-earthquake-reconstruction/>
On June 25, the US Treasury’s Office of Foreign Assets Control (OFAC) issued General License 60<https://ofac.treasury.gov/recent-actions/20260625_33>, authorizing earthquake relief-related transactions until October. However, OFAC’s waiver does not authorize the unblocking of assets subject to US sanctions regulations or “any other transaction or activity prohibited by another Executive Order.” Meanwhile, 113 prominent economists, including Isabella Weber, Jeffrey Sachs, and James K. Galbraith, signed<https://www.commondreams.org/news/venezuela-sanctions> an open letter calling for immediate action to “unfetter Venezuela’s humanitarian response and reconstruction from ongoing economic and financial sanctions, asset freezes, and onerous debt burdens.” “We urge governments, international financial institutions, and creditors to act now, on the principle that lives, public health, and economic recovery take precedence over coercion and collection,” the statement read. The economists suggested mechanisms including emergency liquidity, sanctions relief, and debt cancellation as a “minimum response […] to allow Venezuelans to rebuild with dignity.” ***** My comment: Socialists in the US and its allies should be mobilising to demand the ending of sanctions against Venezuela. Chris Slee -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#42422): https://groups.io/g/marxmail/message/42422 Mute This Topic: https://groups.io/mt/120230506/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
