Nicolas Maduro: We are ready to give oil in exchange for vaccine

With the event and availability of vaccines in opposition to the coronavirus, the issue of vaccine provide started whereas folks have been hoping to overcome the epidemic.

Particularly European international locations, ignoring the international locations which have issue in supplying the vaccine, precipitated reactions once they stocked extra vaccines than they wanted.

On this context, some international locations which have issues in accessing the vaccine have began to attempt alternative ways.


Venezuelan President Nicolas Maduro introduced that they’ll use crude oil as a method of fee in exchange for the coronavirus vaccine.

Maduro stated they are working to present a Covid-19 vaccine via the World Well being Group (WHO)-led World Entry Program for Covid-19 Vaccines (Covax), which goals to present international entry to vaccines in opposition to the virus.

He added that the nation is “ready and ready” to commerce in oil for vaccines, and has oil carriers and clients who can deal with the commerce.


The South American nation’s oil exports, one of many world’s largest producers, have declined considerably due to sanctions imposed by Venezuela on the state oil firm since 2019, in an try by the US to stress Maduro to resign.

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With the Covax venture, it’s aimed to ship a complete of two billion doses of vaccine to low-income international locations by the top of the 12 months.

Covax venture; It was applied by WHO, the GAVI vaccine alliance, and the Coalition for Epidemic Preparedness Innovations (CEP) to treatment the deprived place of poor international locations in buying vaccines.

With the venture, it’s aimed to share the vaccines produced to fight the coronavirus pretty amongst all of the international locations of the world. Thus far, the wealthy international locations of the world have supplied far more Covid vaccines than the poor international locations.

Nicolas Maduro: We are ready to give oil in exchange for vaccine #1

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