Venezuela

Wednesday, December 5th 2018 - 09:48 UTC
UN seeking US$ 738m to help neighboring countries receiving inflow of millions of Venezuelan refuges

The United Nations said on Tuesday it was seeking US$ 738 million in 2019 to help neighboring countries cope with the inflow of millions of Venezuelan refugees and migrants, who have “no prospect for return in the short to medium term”.
Tuesday, December 4th 2018 - 10:44 UTC
Maduro off to Moscow in search of Putin's help

After meeting in Caracas with Turkey's President Recep Tayyip Erdogan, Venezuelan leader Nicolás Maduro took off for Moscow, where he hopes to hold some “serious talks” with his Russian counterpart Vladimir Putin in order to “strengthen and expand diplomatic relations and friendly ties between the brotherly nations.”
Tuesday, December 4th 2018 - 10:02 UTC
Erdogan voices Turkey's support to Maduro in Caracas

Turkish President Recep Tayyip Erdogan Monday said in Caracas that his country could cover most of Venezuela's financial needs and the government of President Nicolás Maduro invited him to boost new Turkish investments in areas such as gold mining and tourism. The main item between the two countries is gold marketing.
Wednesday, November 28th 2018 - 09:17 UTC
Ex Chavez aide sentenced in US for money laundering and receiving US$ 1 billion in bribes

A court in the United States has sentenced the former head of Venezuela's treasury, Alejandro Andrade, to 10 years in prison for money laundering. Andrade, 54, had pleaded guilty to taking US$ 1bn in bribes in exchange for offering access to preferential foreign currency exchange rates.
Monday, November 26th 2018 - 07:32 UTC
Venezuela complies with court order and pays for Canadian company nationalized assets

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.
Monday, November 26th 2018 - 07:27 UTC
Bolsonaro will not return Venezuelans: “they are fleeing a dictatorship supported by Lula and Dilma”

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.
Thursday, November 22nd 2018 - 09:27 UTC
Trump administration considering imposing sanctions on Cuban military for helping repression in Venezuela

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.
Thursday, November 22nd 2018 - 09:21 UTC
Venezuela: One billion dollars in bribes and illicit foreign currency operations

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.
Tuesday, November 20th 2018 - 12:55 UTC
Colombia to cut all diplomatic ties with Venezuela starting in January

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.
Tuesday, November 20th 2018 - 08:43 UTC
Venezuela preparing macroeconomic data to deliver to IMF

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.