20 Nov 2018

Trump administration to put Venezuela on state sponsors of terror list

“The Trump administration is reportedly preparing to escalate its campaign to isolate and pressure the regime of Nicolas Maduro in Venezuela by adding the government to the US’s state sponsors of terror list, according to The Washington Post. Countries on the list have been found by the US secretary of

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20 Nov 2018

Venezuela is releasing an ID card that can track and punish citizens

According to a dissident, refugee, and former technical advisor tortured by the government for his eventual opposition to the project, Venezuela has been working with China to develop technology that would enable the government to track, reward, or punish social, political, and economic behavior. Now, Venezuela is implementing a “smart”

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13 Nov 2018

Venezuela inflation rate hits 830,000%, refugee and migrant numbers reach 3 million

New figures indicate that inflation in Venezuela has hit 830,000% and IMF projections estimate numbers beyond 1 million percent by the end of the year, causing further “collapse in economic activity, hyperinflation, and increasing deterioration,” which will lead to “intensifying spillover effects on neighboring countries.” Bonuses for state employees distributed

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06 Nov 2018

Venezuela seeks to repatriate $550 million of gold from Britain

Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Venezuela’s hard currency holdings have dwindled as existing U.S. financial

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30 Oct 2018

Venezuela, China Work to Boost Petro Cryptocurrency

China sent a delegation of economic and financial advisors to study and analyze the Venezuelan Petro cryptocurrency for its potential usage in international exchange. On the Venezuelan side, the Petro has become one of the few sources of hope for the government and the economy that has largely been destroyed

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26 Oct 2018

Venezuela Is Said to Move Cash Through an Obscure Russian Bank

“An obscure Moscow-based state-run bank has emerged as a key player in Venezuelan President Nicolas Maduro’s efforts to work around U.S. sanctions that are cutting his country off from the global economy. Evrofinance Mosnarbank, which is jointly owned by Russia and Venezuela but not subject to sanctions itself, has been

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18 Oct 2018

Dollars Are Out, Euros Are In as U.S. Sanctions Sting Venezuela

“Venezuela said it will shun the greenback and inject 2 billion euros ($2.3 billion) into its sinking economy as U.S. sanctions limit the cash-strapped nation’s access to capital markets. Economy Vice President Tareck El Aissami said Tuesday that going forward all government auctions of foreign exchange would be quoted in

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25 Sep 2018

Venezuela’s Maduro accuses Chile, Colombia, Mexico of helping drone attack

Having arrested at least one in connection with the failed suicide drone attack against Venezuelan President Nicolas Maduro, the Venezuelan government has accused the governments of Chile, Colombia and Mexico of supporting the attackers through their embassies, asserting what he claimed to be “convincing” evidence of Chilean, Colombian, and Mexican

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13 Sep 2018

Venezuela’s Maduro travels to China in search of fresh funds

Venezuelan leaders are visiting China as part of efforts to renegotiate existing investments and pursue additional funding for the country dealing with a collapsed currency and economy. Over ten years, China invested over $50 billion in the country through oil-for-loan deals that benefited China through oil supply and the creation

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10 Sep 2018

Trump Administration Discussed Coup Plans With Rebel Venezuelan Officers

The Trump administration met with a number of military officers planning coup options in the country, according to the New York Times. The U.S. has a difficult history of covert operations in Latin America and the administration ultimately decided against supporting the efforts, which have since stalled with many plotters

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