China condemned the economic sanctions imposed on Venezuela by the United States and warned that the North American nation must answer for the serious consequences of this measure towards the South American country.
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"The sanctions of certain countries against Venezuela will deteriorate the lives of the population. They must be responsible for the serious consequences that these sanctions will cause," said Chinese Foreign Ministry spokesman Geng Shuang.
The diplomat added that China "is opposed to unilateral sanctions" because these measures always complicate the situation and do not facilitate a solution to the problem.
The Chinese official assured Beijing’s continued alliance and cooperation with Venezuela in all areas on the basis "of equality, mutual benefit and common development."
The new US measures against Venezuela include the freezing of some US$ 7 billion dollars in assets of the Venezuelan state oil company (PDVSA), in addition to an estimated loss of US$11 billion dollars of exports over the next few years.
The sanctions are applied to the Venezuelan government; to any political organizations; state agencies, including the Bank of Venezuela and PDVSA; as well as to any person acting in the interest of the "government of Nicolas Maduro."