U.S. efforts to pressure oil-rich Venezuela tricky
Data in a U.S. report suggests that as Venezuela depends on oil revenue, and it’s a top oil exporter to the United States, pressure could cuts both ways. The U.S. Continue Reading
Alfred De Zayas: Venezuela must take the US to the International Court of Justice
Alfred De Zayas, UN independent expert for the promotion of an international democratic and equitable order (Archive) Alfred de Zayas, a UN Independent Expert for the promotion of an international Continue Reading
Venezuela Tries To Pay Russian Debt With Cryptocurrency
If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it Continue Reading
Venezuela president solution to inflation: change money
Venezuelan President Nicolas Maduro says he’s tackling the country’s staggering inflation by lopping three zeros off the increasingly worthless bolivar currency. Maduro announced the strategy in a state television broadcast Continue Reading
Venezuela oil workers clash with security officials in PDVSA…
Angry Venezuelan oil workers demanding better benefits to counter crushing hyperinflation and food shortages clashed with security officials during a rare protest in the cafeteria of state oil company PDVSA’s Continue Reading
Venezuela defends currency targeted by U.S. sanctions
The state-owned oil company in Venezuela said Friday it welcomed a move by the president to support a currency targeted by U.S. sanctions. The U.S. Treasury Department followed through this Continue Reading
Venezuela’s Maduro, Clinging to Power, Uses Hunger as an Election Weapon
Sara Meza is just the kind of voter Venezuela’s opposition could once count on at the ballot box. A 32-year-old teacher, she’s fed up with President Nicolás Maduro’s government. Her Continue Reading
Did Venezuela Just Lose A Key Ally?
Venezuela’s debt crisis is only expected to grow worse this year, and the government could be without one of its most important benefactors, raising the odds of yet another default. Continue Reading
U.S. impact of Venezuelan sanctions muted
U.S. Treasury Secretary Steven Mnuchin targets a petro currency that, according to a risk consultant group, only works in the mind of Venezuelan President Nicolas Maduro. Photo by Kevin Dietsch/UPI Continue Reading
US bans trade in Venezuela’s digital currency
The US added another weapon to its armory of sanctions against Venezuela on Monday by prohibiting all US trade in the petro, a digital currency launched by the government of Continue Reading