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 is expanding the use of foreign currency bank accounts, the latest step toward the dollarization of the crisis-stricken economy.
…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…
… 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 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.
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.
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
The U.S. stepped up the sanctions in 2020, further crippling exports.
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.
…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…