World

‘Oil for vaccines,’ offers Venezuela’s Maduro as Covid-19 bites

Shouldering outstanding debts to WHO and facing a 2nd wave of infections, country’s leader makes barter offer to ramp up immunisations

Updated 5 years ago · Published on 29 Mar 2021 4:00PM

‘Oil for vaccines,’ offers Venezuela’s Maduro as Covid-19 bites
Nicolas Maduro says Venezuela has oil and customers willing to buy from Caracas, as he pledged to partially devote production to obtain Covid-19 jabs. – AFP pic, March 29, 2021

CARACAS – Venezuelan President Nicolas Maduro yesterday offered “oil for vaccines” as his country, which is under economic sanctions affecting the oil sector in particular, faces a second wave of coronavirus.

“Venezuela has the oil tankers, it has customers ready to buy oil from us. It would devote part of its production to obtain the vaccines it needs. Oil for vaccines!” said Maduro during an appearance on public television.

Venezuela has so far only authorized the use of the Russian Sputnik V vaccine and the one produced by Chinese company Sinopharm.

On March 15, Venezuela informed the Pan American Health Organisation (PAHO) that it would not accept the AstraZeneca vaccine, despite having ordered between 1.4 and 2.4 million doses of it through Covax, the initiative aimed at ensuring an equitable distribution of coronavirus vaccines.

None of those vaccines have yet been delivered to Venezuela due to outstanding debts it has with the World Health Organisation (WHO).

Venezuela began vaccinating health workers in February but has released few details about its immunisation programme.

According to official figures, strongly questioned by the opposition and NGOs, Venezuela has registered around 150,000 coronavirus cases and a little under 1,500 deaths.

Authorities, though, have become concerned recently about a rise in infections and the appearance of the highly contagious Brazilian strain of the virus. – AFP, March 29, 2021

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