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Hotspots › Venezuela

Russia, Venezuela seek to lay legal groundwork to launch direct flights

TASS Russian News Agency | Jan 14, 2021 at 11:01 AM

Moscow and Caracas are working to lay the legal groundwork to launch regular flights between Russia and Venezuela, Russian Ambassador to Caracas Sergei Melik-Bagdasarov told TASS.

Venezuela Moves Closer to Dollarization With New Bank Rules

Bloomberg | Jan 13, 2021 at 2:32 AM

Venezuela is expanding the use of foreign currency bank accounts, the latest step toward the dollarization of the crisis-stricken economy.

Venezuela takes tentative steps towards market reform

Financial Times | Jan 11, 2021 at 12:00 PM

…Two decades after Hugo Chávez launched the Bolivarian Revolution meant to free Venezuela from capitalism and turn it into a socialist idyll, the country looks more capitalist than it has for years — at…

EU drops recognition of Guaidó as Venezuela’s interim president

Financial Times | Jan 6, 2021 at 3:51 PM

… Venezuela ”, rather than as interim president or as head of the assembly. A senior EU diplomat confirmed that the declaration amounted to dropping recognition for Mr Guaidó as interim president of…

Credit Suisse Cuts Ties With Some Venezuelan Wealth Clients

Bloomberg | Jan 6, 2021 at 2:28 PM

Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy as it weighs the risk of doing business with politically-exposed clients in the sanctions-hit country.

Maduro regime takes control of Venezuelan congress, the last bastion of opposition power

The Telegraph | Jan 5, 2021 at 5:26 PM

Nicolas Maduro extended his grip on power on Tuesday as the ruling socialist assumed the leadership of Venezuela’s congress, the last institution in the country it didn’t already control.

Venezuela’s socialists take control of once-defiant congress

Washington Post | Jan 5, 2021 at 5:25 PM

Nicolás Maduro was set to extend his grip on power Tuesday as the ruling socialist party prepared to assume the leadership of Venezuela’s congress

Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years

OilPrice.com | Jan 4, 2021 at 6:30 PM

The U.S. stepped up the sanctions in 2020, further crippling exports.

Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data

Business Insider | Jan 4, 2021 at 1:00 AM

Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro.

Venezuela : how Maduro has strengthened his grip on power

Financial Times | Jan 3, 2021 at 6:00 AM

…their ears. “Here this evening is a very brave man who carries with him the hopes, dreams, and aspirations of all Venezuelans . . . the true and legitimate president of Venezuela , Juan Guaidó,” said Mr…

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