Nov. 2017:The transnational Pharmaceutical companies Baster,Abbot & Pfizer refused to issue exportation certificates to #Cancer drugs,making it impossible for #Venezuela to buy them
And Financial Persecution Against Persons And Institutions of the Bolivarian
Republic of #Venezuela
CHRONOLOGY👇OF EVENTS 1/15
Inst. of the Venezuelan Govt begin to receive,by financial entities abroad,notifications abt restrictions applied to the banking accounts to execute payments in USD.
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July 2017: The Citibank bank (#USA) refuses to receive #Venezuela-n funds for the import of 300 thousand doses of #insulin, destined to cover the demand of 450 thousand registered patients
CHRONOLOGY👇OF EVENTS 8/15
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The #Venezuelan Govt is prohibited from acquiring new debts with a maturity of more than 30 days.
The Government is prohibited to obtain new stock shares 👇14/15
Such transactions amounted more than 29.7million USD to different suppliers & aimed to pay the food distributed through the CLAP program (Govt food supplying program)
2017. Delay of payment proceedings: The #US bank #JPMorgan has increasingly delayed the acceptance of funds for an amount of 28.1 millions USD aimed to pay the transport -vessels- of the food for the food supply of #Venezuelan people.
Aug 2017, Trump signed an exec order barring dealings in new bonds & stocks issued by the Govt & the State Oil Company, Petróleos de #Venezuela, parent of Citgo
Banks also cannot engage in new lending with the Govt or the oil giant
2016 Starts The Phase Of The Financial Blockade Against Venezuela
Interruption of the Intl Banks Operations, the Closing of Accounts such as Citibank, Comerzbank, Deutsche Bank AG, & other
6. The escalation in the“parallel”illegal exchange rate for the Bolivar has no actual parallel w/ any real Venezuelan macroeconomic statistics. This black market exchange rate has multiplied 1,410 times since Aug 2014 to the present