Starting in April, pensions in Argentina will be adjusted to the inflation index according to a Decree of Necessity and Urgency signed this Saturday by President Javier Milei.

It is expected that in April, pensioners will begin to receive an increase in their pensions according to the inflation index. For that same month, and on a one-time basis, an increase of 12.5 % ​​will be assigned.

The president of Argentina made the official notification about the increase in salaries through his account on the social network, where it reads: “The Office of the President informs that, due to the impossibility of resolving the problem of retirement salaries through the ordinary legislative treatment with the speed that the matter requires, and in the face of the liquefaction caused by the pension formula sanctioned by the previous administration, the President of the Nation has decided to sign a DNU to establish a new retirement formula and solve the problem once and for all. and definitively.”

Thus, next month retirees will receive monthly increases anchored to the Consumer Price Index (CPI, inflation indicator). The additional 12.5 % ​​only in the indicated month will be granted “in reparation for the damage caused by the pension formula of the previous Government.”

M.Pino

Source: spanish.news.cn

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Sanctions on the oil and gas sectors of Venezuela will return in the month of April, as announced this Tuesday by United States authorities.

The State Department issued an official statement stating: “The actions of Nicolás Maduro and his representatives in Venezuela, including the detention of members of the democratic opposition and the prohibition of candidates from competing in this year’s presidential elections, are incompatible with the agreements signed in Barbados last October by representatives of Nicolás Maduro and the Unitary Platform.”

State Department spokesman Matthew Miller noted that the revocation of sanctions relief against Venezuela is a response to the undemocratic actions of Maduro’s representatives.

In response to anti-democratic actions by Maduro representatives, the United States has revoked sanctions relief for Venezuela’s gold sector. The relief for Venezuelan oil and gas sectors will be renewed in April only if Maduro representatives follow through on their commitments.

— Matthew Miller (@StateDeptSpox) January 30, 2024

The official reactions have not been long in coming. Nicolás Maduro, president of the South American nation, declared in response to the reestablishment of sanctions that migrants without documents who are repatriated from the United States on direct flights will not be allowed to enter the country.

Delcy Rodríguez, vice president of Venezuela, described the measures as rude, indicating that they are blackmail and an ultimatum to the country.

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Source: elimpulso

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Starting next April, the Dos Bocas refinery in Mexico will begin refining fuel. The announcement was made by the country’s President himself, Andrés Manuel López Obrador, in his morning press conference this Monday, March 11.

Obrador highlighted that they have achieved this goal in the midst of a highly competitive market, affected by the Covid-19 pandemic.

The Dos Bocas refinery has been active since 2023 with the production of primary gasoline at a rate of 340 thousand barrels per day of capacity.

AMLO indicated that the country is heading towards the end of fuel dependency. He recalled that for decades, Mexico has been exporting crude oil and importing gasoline, which has contributed to the increase in the item from time to time.

With the beginning of fuel refining in Dos Bocas, they are moving towards independence in terms of gasoline for domestic consumption.

In this sense, López Obrador pointed out: “We are going to be very close to self-sufficiency in September and, thanks to this refinery plan, the price of gasoline will not increase… because this is precisely due to the refineries, because before they were sold crude oil and we bought gasoline.”

M.Pino

Source: americaeconomia

(Reference image source: Unsplash+, in collaboration with Getty Images)

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