Venezuelan President proposes paying for Covid-19 vaccines with oil

Source : 112 Ukraine

Venezuela is working to pay for vaccines from COVAX mechanism through Venezuelan funds frozen in overseas accounts due to sanctions
12:31, 29 March 2021

112 Agency

Venezuelan President Nicolas Maduro proposed paying for vaccines against coronavirus with oil. It was reported by Reuters. 

“Venezuela has the oil vessels and has the customers who will buy our oil. We are ready and prepared for oil for vaccines, but we will not beg anyone,” Maduro said in a state television address.

Related: 8,346 new Covid-19 cases observed in Ukraine

Maduro said Venezuela was working to pay for vaccines from the World Health Organization’s (WHO) COVAX mechanism - which provides vaccine access to poor countries - both through Venezuelan funds frozen in overseas accounts due to sanctions, and through oil shipments.

Venezuela has received vaccine doses from allies Russia and China. The government and the opposition had been in talks with the Pan American Health Organization (PAHO) over Venezuela’s access to vaccines through COVAX, but the government said last week it would not accept the AstraZeneca PLC vaccine, one of the main inoculations deployed by COVAX in Latin America.

Meanwhile, Health Minister Maksym Stepanov said that Ukraine could conclude contracts for the supply of vaccines from an American manufacturer. 

"The only thing I can say is that in the next few days, I think you will hear about the appropriate conclusion of contracts and the timing of deliveries with certain vaccines. Talking about American vaccines, we are persistently doing this, including through diplomatic channels, starting from last summer, "Stepanov said.

Related: EU shows what their vaccination certificate will look like

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