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Maduro suggests paying for vaccines with oil

Venezuelan President Nicolas Maduro proposed for the founding OPEC member with the world's largest oil reserve to use crude as payment for coronavirus vaccines.

NEWS IN ENGLISH 29.03.2021, 09:53
Maduro suggests paying for vaccines with oil
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Maduro said that the government in Caracas is working to obtain inoculations through the Covax initiative, led by the World Health Organization, which aims to provide global access to vaccines against the virus. He added that country is "ready and prepared" to trade oil for vaccines and that it has the oil vessels and the customers to make that move.


The South American nation's oil exports have dropped since its shipments to the United States were halted in 2019 when Washington imposed sanctions on a Venezuelan state-owned oil company to pressure Maduro to resign.


Covax is the vaccines pillar of the Access to Covid-19 Tools (ACT) Accelerator The ACT Accelerator is a ground-breaking global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines. 


Covax is co-led by the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi and the World Health Organization (WHO), alongside key delivery partner UNICEF. Its aim is to accelerate the development and manufacture of COVID-19 vaccines and to guarantee fair and equitable access for every country in the world.
 

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