The United States imposed new sanctions on President Nicolas Maduro’s wife and several of his top allies on Tuesday as U.S. President Donald Trump urged members of the United Nations to support a “restoration of democracy” in the once-booming Venezuela oil producing nation.
Venezuelan President Nicolas Maduro said on Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.
Venezuelan President Nicolas Maduro dined on expensive steak at a “Salt Bae” restaurant in Istanbul during a stop-off returning from a visit to China, drawing furor back home where millions struggle to get enough to eat and red meat is a rare luxury.
A judge in Andorra has charged 29 Venezuelans with corruption - among them two former deputy ministers. Prosecutors allege that they were part of a network of corrupt officials who received US$ 2.3bn in bribes from companies in return for lucrative contracts with Venezuela's state-run oil company, PDVSA.
Venezuelan President Nicolas Maduro is travelling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.
Eight alleged criminals were killed on Sunday at the most important military complex in Venezuela amid the revelations about plans for a coup supported by the government of the United States.
Eleven Latin American countries say that they have agreed to allow Venezuelans leaving their homeland to enter their countries even if their travel documents have expired. More than 2.3 million Venezuelans have fled the country's hyperinflation and severe shortages, but many do not have valid passports because renewing them can take years.
A group of Venezuelan migrants has returned home from Peru at the expense of Nicolas Maduro's government. Facing an exodus from Venezuela, Maduro had proclaimed his countrymen “won't be slaves to anyone in the world.”
During the conference entitled The democratic challenge to the autocracies of the 21st century in Latin America, organized by the Center for the Opening and Development of Latin America (CADAL) on Tuesday at the Senate of Uruguay, the Government of Venezuela was described as a dictatorship and it was exhorted that the democratic governments of the region, especially the Uruguayan government, not be indifferent or accomplices against today’s Latin America’s autocratic governments.
Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by populist president Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest. Venezuela on Monday cut five zeros from prices and pegged the country’s currency to an obscure state-backed cryptocurrency, as part of a broad set of measures meant to address hyperinflation and an economic crisis.