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How will the Simón Bolívar Law affect Venezuela's trade relations by the end of 2025?
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Story
Venezuelan Assembly with Officialist Majority Approves Simón Bolívar Law Against U.S. Sanctions and Blockade
Nov 28, 2024, 06:38 PM
The Venezuelan National Assembly, with an officialist majority, has unanimously approved the Organic Law of the Liberator Simón Bolívar in its second discussion. This legislation, referred to as the Simón Bolívar Law, aims to counteract the economic sanctions and economic blockade imposed by the United States. The law is seen as a measure to defend Venezuela's sovereignty and mitigate the impact of U.S. policies. Following its approval, the legal instrument has been sent to the Constitutional Chamber of the Supreme Court of Justice (TSJ) for further review.
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