Just let this sink in. The power of global U.S. dollar payment syatem.
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Venezuelan officials released a statement saying that they’ve been unable to complete payment transfers to the COVAX system to purchase coronavirus vaccines because the transfers were ‘blocked by an international bank and are under investigation.’
A letter sent by COVAX to the Venezuelan government details that Swiss Bank UBS blocked more than $10 million, which was transferred from Venezuela to COVAX’s bank accounts.
In April, the Venezuelan government announced the transfer of more than $120 million to acquire 11 million vaccine doses from COVAX, which would be enough to vaccinate 20% of the population. But the letter said only $110 million were successfully transferred. The remaining amount was blocked by the Swiss bank before reaching the bank accounts of COVAX.
Venezuela’s Vice President Delcy Rodriguez said that 'no one can deny that these unilateral coercive measures are criminal,’ referring to the sanctions by the US imposed on her government. She added that ‘Venezuela was excluded from the international financial system, it has been the victim of aggression by this predatory policy against the validity of human rights.’
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