'Turkey determined to enhance ties with Venezuela'

08 December, 2018, 21:51 | Author: Myra Gill
  • Venezuela's President Nicolas Maduro

"We do not approve of these measures that ignore the rules of global trade", Erdogan said at the Turkey-Venezuela Business Forum alongside Venezuelan President Nicolas Maduro, in Caracas on Monday.

The Turkish leader also condemned the economic sanctions that Maduro faces since 2017.

Venezuela is home to the world's largest known oil reserves and boasts significant gold reserves that Maduro has now begun attempting to use to diversify the oil-centric economy.

"We hope that high-level visits between [officials of] the two countries will increasingly continue", he added.

He was visiting Moscow after hosting his Turkish counterpart Recep Tayyip Erdogan in Caracas.

He said the economic situation in the Latin American country remained hard but noted "signs of improving dynamics". One of the reasons for the attack was "Venezuela's strong support for Palestine".

Russian Federation and Venezuela enjoy a long history of ties and Maduro's predecessor Hugo Chavez, known for his passionate tirades against the United States, was a welcome guest at the Kremlin.


Hit by U.S. and European Union sanctions, and ostracized as a dictator by Western powers for his brutal suppression of the opposition - many of whose leaders are in jail or exiled - Maduro has recently reached out to Washington's foes in a bid to raise investment.

On his first official visit to Venezuela, the Turkish leader blasted sanctions imposed on Maduro and many of his top officials by the United States, with which his government also has tense relations.

The US has accused Venezuela's government of violating human rights and triggering an economic meltdown.

Maduro has repeatedly blamed a US-led economic war for the crisis, saying Washington is plotting to topple his government.

Venezuelan President Nicolas Maduro said on Monday his country has the right to export gold and sanctions interfering with that are wrong, a month after U.S. President Donald Trump signed an executive order aimed at curbing Venezuelan gold exports.

Earlier, Erdogan laid a wreath at the tomb of Venezuela's founding father Simon Bolivar, and Maduro also presented him with a replica of the revolutionary leader's sword.

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