President of Conindustria asks to lift sanctions to guarantee foreign investment

The president of the Venezuelan Confederation of Industrialists (Condustry), Luigi Pisella, spoke this Tuesday regarding what is required to guarantee foreign investment.

In this regard, Pisella said that sanctions must be completely lifted so that investments in the country are guaranteed over time.

During an interview with Globovisión, the president of Conindustria said that oil and gas companies have requested their licenses and there is progress in this area, but they have to be in the medium term because otherwise the investment will be very “timid.”

“We are not sanctioned, the private sector is, but you start to suffer from inflation, from taking away resources from a country that depends entirely on oil, that led to hyperinflation, to a depreciation of the exchange rate, to the loss of purchasing power of Venezuelans and everything that entails,” he explained.

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President of Conindustria on dialogue

He also said that Venezuelan businessmen are working to ensure that the political aspect “has as little impact as possible” on the economic area and thus achieve the proposed objectives.

He stressed that the rapprochement that will take place this Wednesday between the Venezuelan government and the United States “is to give continuity to all the agreements that had been originally reached.”

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2024-07-04 18:03:03

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Alexandra Hartman Editor-in-Chief

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