Nicolas Maduro

This tag is associated with 55 posts

Low Oil Prices Fueling Political And Economic Instability In Oil Exporting Countries

By Ante Batovic A year after the beginning of the biggest oil price slump in a decade, it is worthwhile to assess the current state of affairs and estimate the costs both for the global economy and the political stability of oil exporting countries. The oil industry was caught unprepared by the sudden slump in oil … Continue reading

Venezuela’s Unnatural Disaster: A Worsening Crisis

By International Crisis Group The accelerating deterioration of Venezuela’s political crisis is cause for growing concern. The collapse in 2014 of an incipient dialogue between government and opposition ushered in growing political instability. With legislative elections due in December, there are fears of renewed violence. But there is a less widely appreciated side of the drama. … Continue reading

No End In Sight For Venezuela’s Currency Plunge As Risk Of Default Grows Closer

The OPEC nation of Venezuela has long been home to the world’s highest inflation rate, and now the nation is set to become the site of the 57th hyperinflation event in modern recorded history, says Steve Hanke, professor of applied economics at Johns Hopkins University, Bloomberg reports. As Venezuela’s currency has plunged 32 percent over the past month … Continue reading

Russia, Venezuela Agree On $14 Billion Oil And Gas Investment Deal

Venezuelan President Nicolas Maduro says his country has reached an agreement with Russia which will bring $14 billion in investment to its oil and gas sector over the next few years. The agreement was reached between the Venezuela’s state oil firm, PDVSA (Petroleos de Venezuela) and the Russia’s oil giant Rosneft, following talks in Caracas, between Maduro, the president of … Continue reading

BRICs Trample U.S. In South America

By Pepe Escobar It started in April with a rash of deals between Argentina and Russia during President Cristina Kirchner’s visit to Moscow. And it continues with a $53 billion investment bang as Chinese Premier Li Keqiang visits Brazil during the first stop of yet another South American commercial offensive – complete with a sweet metaphor: … Continue reading

U.S. Targeting Russia, Venezuela, China As It Loses Global Influence: Maduro

Washington is losing its weight in the international arena, which is why it is targeting Russia and Venezuela, in addition to attempting to curtail China’s growth, Venezuelan President Nicolas Maduro told RT’s Spanish-language channel in an exclusive interview. In March, the U.S. declared Venezuela a threat to its national security, however Maduro said that his nation found great support … Continue reading

U.S. Federal Court Declares Venezuela In Default Over $740M Claim

By Pedro García Otero The US Federal District Court for the District of Columbia has entered a default ruling against Venezuela, after the South American country failed to respond in time to a demand introduced by Gold Reserve Inc. The Canadian gold mining firm is seeking to confirm a US$740 million arbitration made in its favor by the International … Continue reading

The Rise Of Covert Censorship In Latin America

By PanAm Post The rise of “21st-century socialism” across Latin America over the last two decades has led to populist initiatives to “democratize” the media — or, in other words, force the press to fit their ideological mold. It’s been premised on the idea that traditional media has been concentrated in the hands of a … Continue reading

China Set To Loan $10 Billion To Cash-Strapped Venezuela

China is set to lend the cash-strapped nation of Venezuela around $10 billion in the coming months, Reuters reported on Thursday, citing a senior official at Venezuela’s state-run oil company PDVSA who is familiar with the matter. According to the senior official, half of the loan will be part of a bilateral financing deal with the other half … Continue reading

Nicolás Maduro’s Open Letter To The People Of The United States: Venezuela Is Not A Threat

An open letter from Venezuelan President, Nicolás Maduro, and the Government of the Bolivarian Republic of Venezuela to the people of the United States, published March 17 in the New York Times: . By Nicolas Maduro and The Government of the Bolivarian Republic of Venezuela We are the people of Simon Bolívar, our people believe in peace … Continue reading

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