The penalties seek to pressure President Nicolás Maduro of Venezuela to give up power, nearly two years after he was re-elected in a widely disputed vote.
Tag: Petroleos de Venezuela SA
To Survive, Venezuela’s Leader Gives Up Decades of Control Over Oil
Faced with a severe economic crisis, the country’s leader, Nicolás Maduro, is letting foreign firms take over daily operations of its oil fields. It’s a break with core tenets of his socialist revolution.
Venezuela’s Collapse Frays Its Economic Ties With Russia
Russia has been a bulwark of support for Venezuela. But as that country’s economy crumbles, Russian state-owned businesses are pulling back to protect their bottom line.
As Venezuelan Economy Unravels, Maduro Opponents Hope Downturn Will Topple Him
The prolonged national blackout this month pushed the country closer to the brink of economic collapse. Inflation is expected reach 51 million percent this year.
Millions Flowed From Venezuelan Oil Firm to Small Bulgarian Bank
Bulgarian officials, tipped off by the United States, froze accounts and are investigating possible laundering of money from the battered state oil company.
U.S. Sanctions Are Aimed at Venezuela’s Oil. Its Citizens May Suffer First.
Venezuela’s oil company has found ways to weather sanctions aimed at ousting President Nicolás Maduro. How ordinary people will survive them is a different question.
With Spies and Other Operatives, a Nation Looms Over Venezuela’s Crisis: Cuba
The island nation has provided intelligence support to Venezuela for years, helping President Nicolás Maduro suppress dissent in the military and across society.