A British court has ruled against an application by Venezuela’s central bank for a refund of €890 million in gold reserves. According to the ruling by the British high court, Venezuela’s existing gold reserves in the UK will be given to the parallel government of Venezuela, led by Juan Guaido.
Donald Trump’s administration has instructed prosecutors to file a lawsuit to seize four Iranian tankers carrying gasoline to Venezuela, according to Reuters. The lawsuit aims to seize Iranian tankers, prevent future deliveries of gasoline to Venezuela, and increase sanctions and economic pressure on both.
A court in Britain today ruled that it is opposition leader Juan Guaidó, and not President Nicolás Maduro, who has authority over Venezuela’s gold reserves deposited at the Bank of England. The London Commercial Court ruled that the government had “unequivocally recognized opposition leader Juan Guaidó as president,” rather than Maduro.
Venezuela’s president, Nicolás Maduro, has ordered the European Union (EU) ambassador in Caracas, Isabel Brilhante Pedrosa, to leave the country within 72 hours. Maduro gave the order on Monday following Brussels’ imposition of sanctions on 11 Venezuelan officials.
US President Donald Trump has indicated that he has little interest at the moment to influence Venezuelan politics or usurp Venezuelan President Nicolas Maduro from power. He has also publicly pronounced that he is not particularly interested in installing opposition leader Juan Gerardo Guaidó Márquez.
The President of the United States, Donald Trump, has stated that he is open to an eventual meeting with his Venezuelan counterpart, Nicolás Maduro, in an interview published on Sunday. The move by Trump in a way reduces the weight of his Venezuelan opponent Juan Guaidó.
Iran is reportedly sending a ship ferrying cargo to Venezuela. The move comes amidst growing sanctions on vessels and companies involved in facilitating bilateral trade between the two nations. Last week, the US Treasury Department enacted sanctions targeting four shipping companies.
Nearly 80 million people around the world have been forced to flee their homes due to war and conflict, fear of terror and violence, as well as economic collapse and poverty. According to a recent report released by the United Nations High Commissioner for Refugees (UNHCR) on Thursday, the number of refugees in the world has reached 79.5 million.
Chinese oil companies have stopped chartering oil tankers that have, in the past year, delivered consignments to Venezuela. This is following a new directive by the United States government sanctioning vessels involved in boosting the Venezuela oil sector. According to the Department of the Treasury, companies aiding the corrupt regime of President Nicholas Maduro are in contravention of current statutes.
Venezuela’s foreign minister is accusing France of having given refuge to opposition leader Juan Guaidó at its embassy in Caracas, a charge that Paris denies. “Mr Juan Guaido is not at the French residency in Caracas. We have confirmed this to the Venezuelan authorities several times,” French foreign ministry spokeswoman Agnes von der Muhll said.
The Venezuelan Supreme Court of Justice (TSJ) ruled on Wednesday that the self-proclaimed interim president, Juan Guaidó, is not the legitimate president of the country’s National Assembly, the country’s Parliament. As per the court’s ruling, the legislative presidency is now in the hands of deputy Luis Parra, who had initially been elected to the post in a controversial session on January 5.
Iranian President Hassan Rouhani has sternly warned the United States and threatened retaliatory action against Washington should it dare cause any hitches to the transportation of Iranian oil tankers to Venezuela. Rouhani says Iran would never start a conflict but has the legitimate right to defend its national interests, sovereignty, and territorial integrity.
The Iranian army is escorting tankers to Venezuela to deliver oil. Earlier, the United States said it could block the tanker from reaching Venezuela. The five tankers are expected to reach Venezuela soon. Venezuela’s Defense Minister noted that oil tankers will stop at the port in the special economic zone.
Venezuelan opposition leader Juan Gerardo Guaidó Márquez is recognized by the United States, and a slew of other western nations, as the rightful leader of Venezuela. The US government has imposed a series of economic sanctions on the ruling regime in a bid to usurp rival Nicolas Maduro and his cohorts from power.
An Iranian media network that is aligned to the reigning regime has issued a warning to the United States government against carrying out any moves that would jeopardize its oil shipment to Venezuela. The ship that is destined for the Latin American nation has already left the port.
On May 6 The Washington Post reported that the Venezuelan opposition in October 2019 signed a contract with the American PMC Silvercorp to overthrow Venezuelan President Nicolas Maduro. The Post states the contract amount was approximately $213 million. The agreement supposedly outlined Nicolas Maduro was the target and specifically indicated the undertaking to overthrow Maduro. Additionally, it included the clause to establish the regime and bring to power Juan Guaido.
Several human rights organizations have called for a thorough investigation into a prison riot in Venezuela that left at least 46 inmates dead. The fracas took place on Friday in the Los Llanos prison in the state of Portuguesa in western Venezuela. In addition to the dead, 75 others were left nursing injuries.
US Secretary of State Mike Pompeo has announced that the Trump administration is going to extend Iran’s weapons embargo. The ban was set to expire in October, as outlined in the Iranian nuclear deal. The unprecedented move has provoked its European allies, who have pointed out that the United States withdrew from the agreement in 2018 on its own accord.
The Brazilian government announced on Friday that in the midst of the crisis caused by the Coronavirus pandemic, it will repatriate 38 officials from its diplomatic corps in Venezuela, according to a joint statement of the Ministry of Foreign Affairs and the Ministry of Defense.
Coronavirus continues to the major issue facing the world, with Spain reopening its economy and China as well. However, China is reporting new cases of so called reinfection, but claims the virus has been reimported. At this time there are claims of three types of coronavirus roaring around the globe. The numbers of infected is close to 2 million with over 100,000 deaths reported.
Russia de-facto now owns Venezuela, taking advantage of the country’s extended suffering. The economy is depleted and the country is in severe turmoil. It does not help that coronavirus has effected economies around the globe.
Additionally, the US unsealed indictments against 14 officials and government-connected parties. Currently, there is a reward offered of $55 million for Nicolas Maduro and four others according to US Attorney General William Barr. He called the regime “corrupt.” One of the indictments is out of New York, where prosecutors allege Maduro and socialist party boss Diosdado Cabello (the head of the constitutional assembly) of conspiring with Colombian rebels and members of the military to support the drug trade including cocaine trafficking into the US. Sixty nations including the US do not recognize Maduro as the President of Venezuela. At this time the US only recognizes Juan Guaidó as the Venezuelan leader.
The United States has filed an indictment against Venezuelan President Nicholas Maduro and four other associates for drug trafficking. The administration is offering a $15 million reward for information leading to the capture and conviction of the president, and $10 million for each of his conspirators.
The United States Department of Justice has indicted Venezuelan President Nicolas Maduro for “narcoterrorism.” The US Attorney General William Barr made the announcement on Thursday. The United States has also promised a bounty of up to $15 million for information leading to the arrest of Maduro, as announced by the US State Department.
Venezuela is experiencing possibly the worst humanitarian crisis in the world, sans the Covid-19 situation. The Latin-American nation is not only struggling to contain the epidemic but also trying to tackle deep-seated economic issues that have plagued it for years. They include US sanctions, prevalent corruption, a skyrocketing inflation rate that has surpassed 10 million percent in the past decade, and a collapsed infrastructural system.
Brazilian President Jair Bolsonaro signed a defense agreement in Miami Sunday, enabling joint development of military capabilities with the United States. The signing took place a day after U.S. President Donald Trump received Bolsonaro at his residence and Mar-a-Lago golf club in Palm Beach, near Miami.
Russian Foreign Minister Sergei Lavrov will visit Latin America in the coming days in order to deepen relations with his nation’s allies. Lavrov will visit Cuba, Mexico, and Venezuela shortly after his counterpart, U.S. Secretary of State Mike Pompeo’s tour of four former republics of the Soviet Union, which became the main arena of competition for influence.
Venezuelan President Nicolás Maduro is currently locked in a leadership muddle with opposition leader Juan Guaidó. The clash has caused the oil-rich country to be further isolated by the international community. Crippling sanctions designed to undermine Maduro’s leadership have dragged the nation into the throes of socio-economic and political trepidation. With international support for Guaidó seemingly waning, and no resolution in sight, Venezuela is facing a difficult dilemma.
Suрроrtеrѕ оf Venezuelan dіѕѕіdеnt Juаn Guaido оссuріеd a раrt of thе Vеnеzuеlаn embassy in Brazil оn Wеdnеѕdау mоrnіng, аftеr mеmbеrѕ оf thе expedition team opened dооrѕ tо them tо ѕhоw thеіr loyalty to thе opposition lеаdеr. A Brazilian роlісе ѕоurсе said the grоuр wаѕ “trуіng tо nеgоtіаtе реасеfullу” wіth ѕuрроrtеrѕ оf Prеѕіdеnt Nicolas Mаdurо іnѕіdе thе еmbаѕѕу, whеrе the ѕіtuаtіоn ѕееmѕ аmbіguоuѕ. Meanwhile, bilateral tаlkѕ have bеgun between the BRICS countries іn thе Brаzіlіаn саріtаl.
With the Argentina economy in a tailspin, we’ve seen the second largest one day stock drop combined with a 25% collapse of the Argentinian peso. So where will the good jobs be for the future of Argentina? The unemployment rate was 9.48% in 2018, and that was before the big currency and stock market crash. To make matter worse, the GDP per capita is only $14,401.97.
El Salvador’s President, Nayib Bukele, has ordered that all Venezuelan diplomats appointed by President Nicolas Maduro must leave the country within two days. Bukele argues the decision is in line with the position of the current Salvadorian government, which does not recognize the legitimacy of Maduro’s regime.
Instability in South America is growing. The nations currently experiencing unrest are Bolivia, Chile, Ecuador, Haiti, Uruguay and Venezuela. The region is experiencing a shift from dictatorship to democracy. The left and the right factions remained the same for a long time with both sides supporting black markets, corruption, and taking outside funds either from the West or Russia/China (in the past from the Soviet Union).
The Central Bank of Venezuela revealed that inflation at the end of September was 52.2%. The Venezuelan economy contracted 26.8% in the first quarter of 2019, compared to the same period of 2018, it said on Friday. This was the first report of this index by the Central Bank (BCV) so far this year. The entity also reported that the accumulated inflation since last January reached 4,679.5%, after a variation of 52.2% in September.
Venezuela denied responsibility on Thursday for oil spills that polluted more than 130 Brazilian beaches. In the community, Venezuelan state oil company PDVSA said Brazil’s accusations about the origin of the oil are unfounded. “PDVSA categorically rejects statements by Brazil’s Environment Minister Ricardo Salles, who accuses Venezuela of being responsible for crude oil that has contaminated the beaches of northeastern Brazil since early September,” the state-owned company said.
Nicolas Maduro, the President of Venezuela, announced that he would not go to New York during this years’ session of the UN General Assembly, in which leaders from around the world are expected to participate. The event is scheduled for September 23rd. Maduro, however, took part in last year’s event.
The majority of all global conflicts are connected to oil. The map below provides the current oil resources available globally. The power of the Black Gold and greed has been overriding human lives for close to 100 years. The first large scale demand for petroleum was documented in the 1880s due to kerosene been derived from petroleum.
The Venezuelan government has officially distanced itself from participating in the new round of talks with the opposition held in Barbados, the Caribbean. The mediation efforts are being spearheaded by Norway, and initially scheduled to take place on Thursday (today) and Friday. The late Wednesday decision by the Maduro Government came a day after the United States announced sanctions on individuals and companies negotiating with the Venezuelan Government.
It is now even more evident that the push by the US to have Venezuela’s President Nicholas Maduro vacate office is still actively on. In the most recent move to frustrate Maduro’s administration, US President Donald Trump has imposed a total blockade on the state assets of the Venezuela government in the US. The move by Trump is most likely aimed at imposing a future total embargo on Venezuela. Before Venezuela’s inclusion on the list, the blockade of state assets in the US was only effective on; Cuba, Syria, Iran, and North Korea.
Cuba has imposed a general price control plan on Tuesday for all state and private companies in the midst of a deepening economic crisis and increasing US sanctions. The new measures prohibit the rise in prices in retail and wholesale trade, except for products imported and distributed by the State, where current profit margins cannot be increased.
The US government warned Venezuelan President Nicolas Maduro that he has a “short term” to leave power if he does not want to face international justice and new US measures. US officials expressed confidence that the Lima Group will send the same message soon to Chavismo.
Today following the world news can be seen in a world at unrest. In these countries especially is apparent World Unrest:
Khazakhstan – The world’s largest land locked country and the ninth largest in the world with an area of 2,724,900 square kilometers. It is a democratic secular republic with a diverse heritage. After the elections resulting in the overwhelming victory of interim president Toqaev began wave of protests against the lack of fairness in the elections.
President Donald Trump (R) lifted his tariffs against Mexico and Canada, but is he scaling up on China. So what about cars, steel, aluminium, washing machines, Iran, North Korea, Venezuela, Cuba and Huawei?
Cars: Trump asked for and received a government study on car imports. He was particularly angered last November when General Motors announced that it was closing car assembly plants in Ohio, Michigan and Maryland. Trump has threatened to impose a 25% tariff on imported cars in retaliation for GM’s moves.
The interim government of Venezuela, constitutionally appointed by the National Assembly and presided over by Juan Guaido, announced this week the creation of the National Communication Center in an effort to continue limiting the public capacity of the illegal regimen of Nicolas Maduro.
Things may be coming to a head in Venezuela on Wednesday as the major forces at odds in that country have both decided to hold major rallies on May Day (May 1).
Venezuela’s opposition leader Juan Guaidó, 35, has called for huge protests on Wednesday to demand the resignation of the current President Nicolas Maduro. The regime, in turn, has asked its Chavista supporters (referring to supporters of the late president and Maduro’s predecessor Hugo Chavez) to take to the streets on Wednesday in a show of support.
- Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves. In 2011, the country surpassed Saudi Arabia to top the list of countries having the largest oil reserves, but the development of this huge reserves has taken a backseat due to political unrest over the past few years.
- In European elections, liberal Zuzana Caputova defeated Socialist Maros Sefcovic in the second round, to become SLOVAKIA’s first woman President. The election took place in the shadow of the murder of an investigative journalist last year. Meanwhile, in UKRAINE, incumbent President Petro Poroshenko trails Volodymyr Zelenskiy, a comedian who portrays Poroshenko on television.