Breaking the Venezuelan Economy: Euroclear Fulfilled the Task for JP Morgan

Venezuela's Deputy Minister for International Communication, William Castillo
Breaking the Venezuelan Economy: Euroclear Fulfilled the Task for JP Morgan

The sequestration of Venezuelan money abroad by the international operator Euroclear, as denounced a week ago by President Nicolás Maduro, was part of the tasks entrusted by the US financial company JP Morgan to “break the Venezuelan economy and persecute us financially around the world,” said Deputy Minister for International Communication, William Castillo, on Wednesday.

In the program El Mundo en Contexto, in the news evening broadcast of state-channel Venezolana de Televisión, Castillo recalled that Euroclear is precisely a property of JP Morgan, “the same bank that pursues the entry of Venezuela’s financial operations seeking a default, the cessation of payment to break our economy,” he said.

A week ago, the Venezuelan president said that the financial company froze 1,650 million dollars for the purchase of medicines and food.

Faced with this strategy used to hit Venezuela, the government and its people, said Castillo, must be aware of this reality and know that this tactic is “true financial traps set up by an international system to trap us in that web of interests, and kidnap and maintain the control over our resources and our reserves.”

He recalled that Libya faced a similar scenario, a country to which “companies such as Euroclear, stole 400,000 million dollars from their reserves and distributed it among the invading powers and corporations.”

In this sense, the vice minister for International Communication insisted on the need to move toward the dissolution of the ties that remain with structures and the criminal mafias of the dollar in the world, to build solid foundations and strategic partnerships with emerging actors.

The objective is precisely “to work a path of independence of that mafia, of that dictatorship of the dollar, and from there to clear the way towards the true and authentic financial sovereignty”.


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