Venezuela is turning to its geopolitical allies, Russia and China, to counter a deepening economic crisis, as the South American nation faces dwindling oil revenues, runaway inflation, and a severe currency devaluation.
Add your comment!US President Donald Trump announced plans to impose a 100% tariff on foreign films, citing national security concerns and the decline of the American film industry. The measure aims to counter incentives offered by other countries, like Canada and the UK, which attract US filmmakers and studios, leading to reduced production in Hollywood. “We want movies made in the United States!” he insisted.
2 commentsVenezuelan opposition leaders Pedro Urruchurtu, Humberto Villalobos, Claudia Macero, Omar González, and Magalí Meda, who had been under asylum at the Argentine Embassy in Caracas since March 20, 2024, have left Venezuela, it was reported Tuesday.
Add your comment!The government of Venezuela aggressively rejected a ruling from the UN International Court of Justice ordering Caracas to refrain from holding elections for officials who supposedly would oversee the resource-rich disputed region of Esequibo in neighboring Guyana.
2 commentsGuyana’s Foreign Ministry rejected a statement by China’s Chargé d’Affaires Huang Rui, urging Georgetown and Caracas to resolve their border dispute over the Essequibo region through friendly negotiations, despite stressing that China never intervenes in the internal affairs of other countries.
Venezuelan ruler Nicolás Maduro, who remained in power following controversial elections that the opposition claims to have won, said Sunday's polls in Ecuador, where Daniel Noboa was reelected with 55.64% of the vote, were a “horrendous fraud.” The Chavista leader urged Ecuadorians to resist and defend their sovereignty.
Venezuela’s Bolivarian National Armed Forces (FANB) and Vice President Delcy Rodríguez warned Sunday of an alleged false flag operation targeting an ExxonMobil platform in disputed maritime waters between Venezuela and Guyana.
Venezuelan ruler Nicolás Maduro staunchly defended his country's claim to the Guayana Esequiba territory, asserting during his weekly broadcast show that the disputed area was an integral part of the nation inherited from Simón Bolívar and backed by over 90% of Venezuelans in a 2023 referendum.
The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.
Venezuela has agreed with the US Trump administration to resume repatriation flights for deported Venezuelan nationals, officials announced confirming first flights on Sunday. Jorge Rodriguez, Venezuela's National Assembly President said the goal was to “ensure the return of our countrymen with the protection of their human rights.”