The Group of 77 and China reiterated this week, "its rejection to the latest decision of the government of the United States of America to renew its unilateral sanctions against the government of the Bolivarian Republic of Venezuela."
A March 3 executive order signed by President Obama renewed sanctions against Venezuela, referring to the South American state as "a national emergency with respect to the unusual and extraordinary threat to the national security and foreign policy of the United States posed by the situation in Venezuela."
The G77 is the largest intergovernmental organization of developing countries in the United Nations, which "provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues within the United Nations system, and promote South-South cooperation for development," according to their website.
The group represents the global South, and features many Latin American countries such as Cuba, Ecuador, Venezuela, Brazil and Bolivia. Other regions are represented by members, including the Middle East, Asia and Africa.
The statement goes on to say that the "G77 and China underlines the positive contribution of Venezuela to the strengthening of South-South cooperation, solidarity and friendship among all peoples and nations, with a view to promoting peace and development, conveying solidarity."
It also demands the U.S. government "evaluate and implement alternatives for a dialogue" with Venezuela, "under the principle of respect to sovereignty and self-determination of the peoples. Therefore, it urges to repeal the aforementioned executive order."