- Sputnik International, 1920
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Venezuela Discussing Sanctions Free Economic Zone With Group of Allies - Deputy UN Envoy

© AP Photo / Adam RountreeIn this Sept. 13, 2005, file photo, the flags of member nations fly outside the General Assembly building at the United Nations headquarters in New York.
In this Sept. 13, 2005, file photo, the flags of member nations fly outside the General Assembly building at the United Nations headquarters in New York. - Sputnik International, 1920, 10.08.2024
Subscribe
UNITED NATIONS (Sputnik), Lenka White - Venezuela would like to implement a sanctions-free zone among allied members to ease the lives of citizens, Deputy Permanent Representative to the United Nations Joaquin Perez Ayestaran told Sputnik.
Venezuela's Deputy Ambassador to the UN Joaquin Perez told Sputnik that Caracas is discussing with allies the establishment of a sanctions-free zone, expressing confidence that it will not take long.
Venezuelan Foreign Minister Yvan Gil first introduced the initiative in September 2023.
"We propose creating a zone free from unilateral coercive measures in which we can carry out our financial transactions and interbank payments and which will allow us to guarantee direct investment and legal trade between our countries without risks, arbitrary or punitive obstacles from Western powers," Gil said at the UN General Assembly.
One-dollar notes. - Sputnik International, 1920, 26.06.2024
World
Dedollarization Now Underway Because of US Policies, Says Senate Hopeful
According to Perez, "discussions are ongoing" on this initiative. Now, Venezuela is considering options on gaining support for the idea in order to make it a reality.
"I think it will take some time, but not too much. Because we are gradually working in this direction," the Venezuelan diplomat emphasized.
The Group of Friends in Defense of the United Nations Charter was established on July 6, 2021, in New York. It currently includes 18 member states, such as Russia, Syria, Iran, and China.
United Nations General Assembly - Sputnik International, 1920, 24.09.2023
World
Venezuela Proposes Creation of Free Trade Zone to UN
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала