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Tag Archives: Maduro

Diplomats walk out of UN conference in Venezuela protest

Vienna, Austria | AFP | Diplomats Thursday walked out of a UN convention on drugs addressed by Venezuelan Foreign Minister Jorge Arreaza, saying his government was illegitimate and did not represent the country. Dozens of officials from Latin America, as well as the US, Canada and some European countries, including France, left the room in …

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Venezuela, an impaired oil giant

Paris, France | AFP | Venezuelan oil output has plunged by more than half in 30 years but the country still sits on the world’s biggest crude reserves, so any political changes will ripple worldwide. The country holds 17.9 percent of proven oil reserves, ahead of Saudi Arabia at 15.7 percent, …

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Juan Guaido: the ‘kid’ taking on Venezuela’s Maduro

  Caracas, Venezuela | AFP | Juan Guaido proudly calls himself a “survivor.” He will need to be: the bold young politician, head of Venezuela’s opposition-controlled legislature, became public enemy number one when he declared himself interim president Wednesday, defying embattled President Nicolas Maduro. Guaido did not set out to …

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Maduro brushes off risk of new sanctions after Sunday’s vote

Paris, France | AFP | Venezuela’s President Nicolas Maduro on Wednesday dismissed the threat of new sanctions following an early election called for Sunday, which critics have denounced as a sham aimed at tightening his grip on power. “These are unacceptable threats toward any sovereign nation,” Maduro said in an …

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Maduro raises minimum wage again as Venezuela battles hyperinflation

Caracas, Venezuela | AFP | Venezuela’s President Nicolas Maduro announced Monday he was almost doubling the minimum wage in an effort to tackle the crisis-wracked Latin American country’s runaway inflation. Venezuela’s economic collapse ranks as one of the worst in modern history, with hyperinflation likely to see prices soaring 13,000 percent …

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Venezuela’s Maduro in Algeria for talks on oil

Algiers, Algeria | AFP |  Venezuelan President Nicolas Maduro visited fellow OPEC member Algeria Monday for talks after announcing Caracas would sell crude oil in non-dollar currencies in a bid to resist US sanctions. Maduro arrived late Sunday in the North African country and met Senate speaker Abdelkader Bensalah on …

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Venezuela to sell oil in currencies other than dollar

Caracas, Venezuela | AFP | Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country. “I have decided to start selling oil, gas, gold and all other products that Venezuela …

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Venezuela’s Maduro accuses opponents of ‘parliamentary coup’

Caracas, Venezuela | AFP |  Venezuelan President Nicolas Maduro accused the opposition-majority legislature Tuesday of staging a “parliamentary coup” after lawmakers voted to put him on trial amid a tense political and economic crisis. “I have called a meeting tomorrow at 11:00 am (1500 GMT) at the National Defense Council …

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