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Apr 17 2024
News
US reinstates sanctions on Venezuela’s oil
The administration said it would renew sanctions that it temporarily lifted in October after Venezuela did not make sufficient progress toward a fair election. Companies will have 45 days to wind down their transactions with the nation’s oil and gas sector. The sanctions were lifted in October after Venezuela agreed to certain election reforms. But this week, officials knocked Nicolás Maduro’s
The HillApr 22 2024
News
Venezuela Looks to Tether to Bypass Sanctions: Reuters
Venezuela's state-owned oil company, PDVSA, is looking to Tether (USDT) as a means to , . Reuters reported that PDVSA is trying to integrate more usage of USDT as a hedge against having foreign bank accounts frozen. Tether is the world's largest dollar-pegged stablecoin. Tether did not respond to a request for comment by CoinDesk by press time. Reuters reported that PDVSA uses intermediaries
CoinDeskApr 22 2024
News
Maduro Is at Crossroads as Venezuela’s Opposition Joins Together
Newfound unity within Venezuela’s opposition is testing President Nicolás Maduro ’s willingness to risk international legitimacy or take his chances in an open presidential election.
The government must decide whether to allow the opposition to continue with little-known former ambassador Edmundo González, who was unanimously chosen late Friday to represent the group in the vote. A
BloombergApr 19 2024
News
Venezuela opposition backs Gonzalez as presidential candidate
CARACAS, April 19 (Reuters) - Venezuela's major opposition coalition will back Edmundo Gonzalez as its unity presidential candidate for July's election, its leadership said on Friday, after intense internal negotiations to determine who could take on President Nicolas Maduro. The campaign has already been marked by arrests and bans on candidates, with critics alleging that Maduro's ruling
ReutersApr 17 2024
News
Venezuela orders the closure of its embassy in Ecuador
Venezuela orders the closure of its embassy in Ecuador MEXICO CITY — Venezuelan President Nicolás Maduro ordered the closure of his country's embassy and consulates in Ecuador on Tuesday in solidarity with Mexico in its protest over a raid by Ecuadorian authorities on the Mexican Embassy in Quito. Maduro and other presidents participating in a virtual meeting of the Community of Latin American
NPR Fact CheckApr 21 2024
News
They fled Venezuela — and transformed D.C.’s food delivery scene
For most, food delivery offers far more autonomy over their schedules and pay than other industries. But they acknowledged numerous hurdles — for instance, the lack of access to health insurance, which heightens the financial risks of any accident. Expenses such as “renting” food-delivery accounts and financing mopeds add to their burdens. And while some drivers say that their ability to
Washington PostApr 19 2024
News
Venezuela Opposition Unites Around Candidate in Surprise Twist
Venezuela’s opposition coalesced around a tentative candidate for the upcoming vote, a display of unity that could pose a threat to President Nicolás Maduro ’s re-election.
Governor Manuel Rosales will withdraw his name from the July 28 ballot and back the opposition’s chosen candidate, Edmundo González, according to Omar Barboza, president of the 10-party opposition coalition known as
BloombergApr 17 2024
News
US signals Venezuela oil sanctions relief at risk as deadline looms
The Biden administration has signaled that it could reimpose oil sanctions on Venezuela on Thursday in response to what U.S. officials see as President Nicolas Maduro's failure to meet his commitments for free and fair elections this year.
Barring any last-minute concessions by Maduro, the U.S. has made clear it is not likely to renew a six-month license that granted the OPEC member
ReutersApr 16 2024
News
Venezuela Oil Production Grew 18% After Biden Sanctions Relief
The ruling socialist regime in Venezuela documented an 18-percent increase in oil output in the first trimester of 2024 when compared to the same period in 2023, according to information published by the Organization of the Petroleum Exporting Countries (OPEC) in its latest April 2024 report. The oil output windfall followed the implementation of a still-active broad oil and gas sanctions
Breitbart News