Cash-strapped Venezuela settled a US$1.2 billion arbitration claim that will prevent a creditor from stripping away its crown jewel foreign asset, the U.S.-based Citgo Petroleum Corp refining business, according to Canadian court documents.
President-elect Jair Bolsonaro said his government would not send back the tens of thousands of Venezuelans who have sought refuge in Brazil from the economic breakdown in their populist ruled homeland.
The Trump administration is considering imposing sanctions on Cuban military and intelligence officials who it says are helping Venezuela ’s government crackdown on dissent. Such sanctions would be the first time Washington has targeted a bloc of foreign officials allied with Venezuelan President Nicolas Maduro.
Venezuela’s former national treasurer admitted receiving over one billion dollars in bribes as part of illicit foreign currency operations that involved a local television mogul now indicted in U.S. courts, according to U.S. court documents unsealed on Tuesday.
Colombian President Iván Duque announced that his country will sever all diplomatic relations with Venezuela as of January next year when Nicolás Maduro, whom he considers to be a “dictator,” starts a new consecutive term as head of state.
Venezuela which is sitting on one of the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages is getting ready to share macroeconomic data with the International Monetary Fund to avoid penalties including possible exclusion from the IMF.
The number of Venezuelans who applied for residence in Uruguay this year went up 25%, the Foreign Ministry reported Monday.Two months from the end of 2018, a total 8,897 permanent residences were processed. The majority were Venezuelans, followed by Brazilians and Argentines.
United States imposed new sanctions Thursday on Venezuela and Cuba and promised additional penalties against Nicaragua as the Trump administration laid out a hard-line policy toward countries the White House branded a troika of tyranny.
Venezuelan citizens arriving in Peru from now on are to be considered “tourists,” Migrations Planning Manager Francisco Ríos explained Thursday after the deadline to apply for temporary residence expired on October 31.
As Peru's deadline for granting residency nears, 6,000 Venezuelans lined up at the border Peru's Tuesday hoping to be allowed in, while 4,000 more are expected to join in the next two days, according to the ombudsman's office.