Venezuela

Venezuela
Saturday, October 31st 2015 - 10:12 UTC

Chavistas “will not surrender the revolution”, even in defeat in December's elections, warned Maduro

Maduro said he would accept the results of the election, whatever the outcome, but he’s not willing to “surrender the revolution.”

Venezuelan President Nicolas Maduro warned that he wouldn’t let a defeat in December congressional elections derail his government even as his socialist party faces the possibility of losing control of the national assembly for the first time in 16 years.

Saturday, October 31st 2015 - 06:51 UTC

Venezuela seeking an additional 12 Sukhoi fighter jets from Russia

President Maduro authorized the payment of $480 million to service Venezuela's Sukhoi fighters, Defense Minister Vladimir Padrino Lopez was quoted

Venezuela will allocate $480 million to upgrade its Sukhoi fighter jets from Russia. “President Nicolas Maduro just authorized the payment of $480 million so that the service life of our Sukhoi planes and continue to fulfill their duty and give protection to the Venezuelan airspace,” Venezuelan Defense Minister Vladimir Padrino Lopez was quoted, by Moscow's Sputnik news agency on Thursday.

Friday, October 30th 2015 - 07:35 UTC

Venezuela central bank gold holdings drop 19% in four months

Central bank financial statements posted this week on its website show monetary gold totaled 91.41 billion bolivars in January and 74.14 billion bolivars in May.

Venezuela central bank gold holdings declined in value by 19% between January and May, according to its financial statements, likely reflecting gold swap operations and lower bullion prices. The country has been struggling with stagflation due to low oil prices and a collapsing state-led economic model, holds a considerable portion of its monetary reserves in gold.

Wednesday, October 28th 2015 - 07:54 UTC

Venezuela warns Canada over mining activities in Guyana: 'infringing on territorial sovereignty'

Venezuela issued a warning letter to Guyana Goldfields Incorporated, informing that its operations are “infringing on the territorial sovereignty of Venezuela”.

Venezuela has objected to a Canadian mining company operating in Guyana, telling the company it is infringing on Caracas’ sovereignty. And the move has not gone down well with Guyana’s president David Granger.

Wednesday, October 21st 2015 - 06:35 UTC

Venezuela presents 2016 budget based on a US$40 per barrel estimate

“This budget will allow us to return to the path of economic growth” said Finance minister Rodolfo Marco. He did not mention inflation or GDP growth

Venezuela's proposed 2016 government budget is based on an estimate of $40 per barrel for the OPEC nation's oil exports, Finance Minister Rodolfo Marco said in a presentation to congress on Tuesday.

Monday, October 19th 2015 - 09:53 UTC

Guyana beefs up reserves to protect country from Venezuela and Suriname

“All the elements and instruments of national power need constantly to be employed in order to protect our territory” Guyana president David Granger

Against the background of what he said were continued territorial threats from both Venezuela and Suriname, Guyana President David Granger has announced a Total National Defense Policy.

Monday, October 12th 2015 - 06:11 UTC

Guyana now faced with refloated territorial claims from Suriname

“We feel that this claim is spurious and we have taken measures in the past to protect our territorial integrity and we will continue to do so,” Granger said.

Less than a week after returning from the United Nations, where he raised concerns about Guyana’s border dispute with Venezuela, President David Granger was confronted with a similar issue involving Suriname.

Friday, October 9th 2015 - 07:05 UTC

Guyana looks forward to Canadian support in territorial claims with Venezuela

The message was communicated to the diplomat by Guyana foreign minister Carl Greenidge at a reception hosted by the Canadian High Commissioner

The government of Guyana will be looking forward to Canada’s support against the territorial claims by Venezuela even as it seeks to strengthen its ties and bilateral agreements with the state, through new Canadian High Commissioner to Guyana, Pierre Giroux.

Tuesday, September 29th 2015 - 10:32 UTC

“Even in jail I will fight for a free Venezuela”

“I am convinced of the justice of our cause: the liberation of a people from the painful consequences of a system of government that has failed completely”

By Leopoldo López - Prisión de Ramo Verde, Venezuela. On Feb. 12, 2014, the repressive and inept elite that governs Venezuela ordered my arrest on charges of conspiracy, arson, inciting violence, damage to public property and other crimes.

Friday, September 25th 2015 - 07:09 UTC

Guyana believes Venezuela's military display is a 'show of force', but in case send forcers to the border

 Brig. Phillips disclosed that Venezuelan missiles were collected in El Dorado and speed boats with machine guns were patrolling Guyana’s Cuyuni River.

The Guyana Defence Force (GDF) says it’s ready to defend the country against any act of aggression at the country’s border with neighbour Venezuela. The declaration was made by the GDF’s Chief-of-Staff Brigadier Mark Phillips, as Minister of State Joseph Harmon also assured that President David Granger was “on top of the situation”, which he described as 'a show of force' and 'not a threat of force'.

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