Almost all of Venezuela’s private industry supports sanctions relief

98% of private industrialists Venezuela agree with the relaxation of sanctions announced by USA in October, after the signing of an electoral agreement between the chavismo and the opposition, for “Negative effects” who – they assure – have these measures in companies, said this Thursday the Confederation of Industrialists (Conindustria).

“This is positive news”expressed the president of the union, Luigi Pisella, in a press conference, who explained that this relief from the sanctioning regime, although it is valid for six months, has awakened optimism among industrialists, of which 74% anticipate that the the country’s situation improves within a year.

“We can now directly market what is produced here, previously we could not do it, and our neighbor, our natural client, is the United States,” said.

Conindustria projects an improvement in the nation’s income as a consequence of this lifting of sanctions, applied in sectors such as oil, the main source of foreign currency in Venezuelawhich now will not have the “need to sell” The crude “With discount”.

The union estimates that, “maintain flexibility”, oil production, which closed October at an average of 786,000 barrels per day (bpd), will exceed one million bpd next year, when, in addition, it is expected that “around US$ 25,000 million”without the discounts on the price of the Venezuelan barrel.

After the signing of an agreement between the Executive and the anti-Chavista Democratic Unitary Platform (PUD) of electoral guarantees for the 2024 presidential elections, the Government of USA temporarily eased sanctions on the South American country regarding the exploitation of the rich resources of Petroleum and gas from the country.

However, the North American country has warned that it will reconsider this suspension if Venezuela does not take measures such as the release of the “political prisoners” Americans in the Caribbean nation and whether the opponent María Corina Machado, winner of the October 22 primaries, remains disqualified from holding elected office.