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Venezuelan President Proposes to Freeze All Commodity, Service Prices

Sputnik International

Venezuelan President Nicolas Maduro said that he had ordered the government to consider the issue to freeze prices for all goods and services in the country... 02.05.2017, Sputnik International

2017-05-02T07:18+0000

2017-05-02T07:24+0000

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Venezuelan President Proposes to Freeze All Commodity, Service Prices

07:18 GMT 02.05.2017 (Updated: 07:24 GMT 02.05.2017)

A man receives Venezuelan currency bills in Caracas on November 30, 2011. - Sputnik International

Venezuelan President Nicolas Maduro said that he had ordered the government to consider the issue to freeze prices for all goods and services in the country, media reported.

Venezuela's President Nicolas Maduro speaks during a meeting with businessmen in Caracas, Venezuela January 9, 2017 - Sputnik International

Maduro's Wish to Call Constituent Assembly Unrecognized by Venezuela Opposition

1 May 2017, 21:59 GMT

MOSCOW (Sputnik) — Maduro announced his proposal during the Labor Day parade calling to back it, the Telesur broadcaster reported Monday.

The news outlet added that the move was aimed at protection of citizens' wages in the context of an "economic war."

The Latin American country is currently in a state of deep economic and political crisis. The situation is complicated by shortages of consumer goods and hyperinflation as well as by opposition protests demanding fresh presidential elections.