Venezuela's Losses From 2015-2018 Over US Economic Blockade Reach $130Bln - Diplomat

Venezuela's losses over US economic blockade from 2015 to 2018 reached $130 billion, Ambassador to Russia Carlos Rafael Faria Tortosa said Tuesday

MOSCOW (UrduPoint News / Sputnik - 21st May, 2019) Venezuela's losses over US economic blockade from 2015 to 2018 reached $130 billion, Ambassador to Russia Carlos Rafael Faria Tortosa said Tuesday.

"From 2015 to 2018, the general losses, this might be the most interesting slide [in the presentation].

The general losses and expenses incurred by the Venezuelan economy as a result of the US economic blockade are estimated at $130 billion," the diplomat said at a briefing.

He added that Venezuela's economy could work on that amount for nine years.

Venezuela has been under US sanctions since 2015, and the restrictions have been expanded several times.