Venezuela incurs 700 bln USD GDP loss from U.S. sanctions, says VP
CARACAS, March 11 (Xinhua) -- U.S. sanctions against Venezuela have caused losses of nearly 700 billion U.S. dollars in GDP, Venezuelan Vice President Delcy Rodriguez said Monday.
Venezuela's oil industry sustained losses of almost 232 billion dollars due to the sanctions, which have in addition frozen more than 22 billion dollars Venezuelan assets in international banks, the vice president said at an internatio