Mercosur foreign ministers meeting on Saturday in Brazil suspended Venezuela indefinitely for failing to uphold democratic norms amid an intensifying crackdown on dissent in the country. The bloc previously suspended Venezuela in December for failing to uphold commitments it made when it joined the group in 2012.
United States has imposed sanctions on Venezuela's president, Nicolas Maduro, over what it called his illegitimate election of an assembly to rewrite the constitution. All of Maduro's assets in the United States are frozen and Americans are forbidden from doing any business with him.
About a hundred government supporters stormed into Venezuela's opposition-controlled National Assembly, where they beat up several lawmakers. Witnesses said the confrontation came after an assembly session to mark the country's Independence Day, Wednesday July 5th.
A young demonstrator has died from a gunshot wound to the chest, raising to over 50 the number of people killed in fifty days of protests targeting Venezuela’s President Nicolas Maduro, officials said Sunday. The president personally denounced a brutal attack on another man he said had been taken for a government supporter during one of several massive demonstrations across the country Saturday demanding early elections.
Venezuela's pro-government Supreme Court on Saturday revoked its controversial annulment of the opposition-led Congress amid international condemnation and protests against populist president Nicolas Maduro. Unprecedented pressure from other Latin American nations and dissent within its own ranks, and the military, appear to have been the catalyst for the court reversing its Wednesday ruling.
The Venezuelan Supreme Court's decision late Wednesday to take control of the opposition-controlled legislature has set off a wave of outrage, with some hemispheric neighbors, including the United States, Mexico, Brazil, Peru and Argentina, denouncing the measure as a threat to democracy.
Venezuela’s consumer inflation, already the world’s highest, will more than double this year surging to 720% in 2016 from 275% last year, according to a note published by the IMF’s Western Hemisphere Director, Alejandro Werner.
Venezuela sank deeper into a messy political crisis Tuesday as the opposition-controlled National Assembly suspended its session after the Supreme Court declared it null and void. Speaking before a nearly empty chamber, speaker Henry Ramos Allup, a fierce opponent of President Nicolas Maduro, declared the National Assembly lacked a quorum and would reconvene Wednesday morning.
Venezuela headed into ever more complicated political waters on Monday as the Supreme Court declared the newly opposition-controlled legislature null and void and the opposition vowed to continue defying the judges.
Venezuela said the opposition coalition MUD has won a two-thirds super majority in the country’s legislature, a major victory in Sunday’s elections.