Venezuelan Parliament to debate special economic zones law
Venezuelan Parliament to debate special economic zones law
Caracas, Apr 27 (Prensa Latina) The National Assembly (Parliament) of Venezuela on Tuesday will hold the first debate on the Special Economic Zones draft bill a legal initiative to promote the reactivation of production in the country.
The draft bill is vital in the scenario caused by the economic, commercial and financial blockade imposed by the United States Government on this nation, the president of the Permanent Commission on Finances and Economic Development in Parliament, Jesus Faria, said.
In recent statements to Hinterlaces website, the Venezuelan lawmaker and economist highlighted the objective of creating a new national economic system, beyond dependence on oil exports, moving towards diversification and boosting new production chains.
Court packing legislation straight out of Maduro s playbook
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Court packing legislation straight out of Maduro s playbook
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
U.S. sanctions on Russia ‘mostly symbolic’ and will not trouble Moscow, economists say
“The latest round of U.S. sanctions was a mostly symbolic exercise,” Agathe Demarais, global forecasting director at The Economist Intelligence Unit, told CNBC on Friday.
“Sanctions on Russian individuals and companies are irrelevant, as these people and firms have no ties to the US and probably no intention to ever use the U.S. dollar or to have bank accounts in the U.S.”
Demarais added that the sanctions on sovereign debt are less stringent than the initial market reaction would suggest, since they only target the primary debt market and can therefore “easily be circumvented via the secondary market.”