Venezuela wants to trade gold, despite the sanctions

The President of the Venezuela, Nicholas Maduro, said Monday that his country had the right to export gold, despite US sanctions.

] Read also Venezuela complained about new US sanctions

reported TASS

"Venezuela and Turkey They have sovereign and open economies, and gold is one of them. We will continue trading and selling gold, and no one will bother us. "What Venezuela produces has the right to sell in the world," said Maduro.

The President of Venezuela also indicated that his country was ready to invest in the Turkish petroleum, refining, petrochemical, mining and tourism sectors.

Earlier, the Turkish president had declared that Ankara was ready to provide economic aid to Caracas.

US President Donald Trump has been ordered to impose sanctions on November 1 to block Venezuela's operations with its gold reserves. The United States intends to prevent the Latin American authorities Aina wants to steal Venezuela's wealth and damage the country's infrastructure and ecology due to mismanagement, as such, Washington prohibits Americans to embark on operations in the gold mining sector in Venezuela.

The Bolivarian Republic of recent years, due to inefficient management, is in crisis, accompanied by a devaluation of the national. According to the parliament, inflation was around 287,000% between January and October this year and, on an annual basis, the rise in prices exceeded 833,000%. The IMF expects that by the end of the year, inflation could reach 1 million percent. Central Bank of Venezuela, the data on the level of inflation have not been published for several years. The Office of the United Nations High Commissioner for Refugees and the International Organization for Migration reported that Venezuelan refugees and migrants had reached 3 million worldwide. The Venezuelan government does not recognize the existence of a humanitarian crisis in the country