Venezuela’s CITGO in Danger as Maduro Seeks Debt Renegotiation

From Venezuelanalysis.com, October 2, 2019 Edited and with additional reporting by Lucas Koerner from Philadelphia. Caracas – A US court has ruled that Canadian mining giant Crystallex can move forward in seizing assets from Venezuelan oil subsidiary CITGO. The World Bank’s international arbitration tribunal awarded Crystallex US $1.4 billion in compensation for the 2008 nationalization of Las Cristinas gold mine[…]

Read more

The Plot to Kill Venezuela

by Vijay Prashad, Published on Salon.com, May 17, 2019 This article was produced by Globetrotter, a project of the Independent Media Institute. Hugo Chávez knew that Venezuela was very vulnerable. Its oil revenues account for 98 percent of its export earnings. Chávez was familiar with the thinking of Juan Pablo Pérez Alfonzo, Venezuela’s minister of mines and hydrocarbons in the[…]

Read more

U.S. Gears Up for War on Venezuela

Photo: Feb. 19 protest in Santo Domingo, D.R., against U.S. intervention in Venezuela. (Photo: Tony Savino / Socialist Action) by Jeff Mackler and Bruce Lesnick, Published on Socialist Action, March 5, 2019 The relentless U.S. imperial beast has embarked on a full-scale, openly declared, bipartisan regime-change war aimed at overthrowing Venezuela’s democratically elected government headed by President Nicolás Maduro. Top[…]

Read more

Corporate Titans Target Venezuela

Venezuelans took to the streets in August 2017 in response to Trump’s comment that he would consider the “military option” against Venezuela. (Photo: PSUV) by John Lesnick, from Counterpunch, February 6, 2019 Ruling elites have united behind the Trump administration in its illegal, unjust and brutal attempt to meddle in the internal affairs of Venezuela. Democrats and Republicans alike have[…]

Read more

Venezuela’s Monetary Revolution Vis-a-Vis Economic Sanctions

Venezuela’s President Nicolas Maduro holds a bank note of the new national currency, the ‘Bolivar Soberano‘ (Sovereign Bolivar). | Photo: Reuters by Nino Pagliccia, published on TeleSUR, August 8, 2018 Venezuela has undergone many challenges in the last 20 years since Hugo Chavez was elected president and continued after his death in 2013. The main reason is that Venezuela has[…]

Read more

Venezuela crisis intensifies with default

by Wayne Delucca. originally published on Socialist Action Credit agency Standard & Poor has ruled Venezuela in default after the country missed $237 million in scheduled bond payments. This comes amidst an economic crisis with official inflation around 4000% and price increases well over 1000%. President Nicolás Maduro’s attempt to restructure is hindered by sanctions that stop U.S. banks from[…]

Read more