Shares Of Goldman Sachs Down On Venezuela, Says Borges

(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) — Shares of Goldman Sachs shares have fallen 30% due to the investment firm’s decision to finance the Venezuelan government, reported online media El Nacional, citing Opposition Deputy Julio Borges.

Borges, who is also the former president of Venezuela’s National Assembly, said it was necessary that the Andean Development Corporation (CAF) evaluate approval of a new line of credit with Venezuela’s President Nicolás Maduro.

“Businesses cannot disassociate themselves from the principles. It’s unprecedented to finance a dictatorship that commits crimes against humanity and kills its people with hunger,” said Borges. “Venezuela is experiencing a terrible humanitarian crisis as a result of policies of the regime. You can’t take advantage of this tragedy.”

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© Energy Analytics Institute (EAI)

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