Venezuela Govt. Pulls Out Of Talks With Opposition Over US Sanctions

Venezuela’s President Nicolas Maduro has canceled a Norway-brokered negotiation with the opposition this week in protest against a set of sweeping U.S. sanctions targeting his government. The two-day talks with representatives of Opposition leader Juan Guaido, aimed at resolving the country’s political crisis, was scheduled to begin Thursday in Barbados. Maduro has decided to not send the Venezuelan delegation “due […]

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New U.S. sanctions on Venezuela protect Citgo from seizure -Guaido

CARACAS, Aug 6 (Reuters) – Venezuela’s opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela-owned U.S.-based refiner Citgo from seizure by creditors. Washington on Monday announced a freeze on all Venezuelan government assets in the United States, escalating an economic and diplomatic pressure campaign aimed at removing […]

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Arbitration tribunal dismisses Conoco claim against PDVSA: Guaido adviser

CARACAS (Reuters) – The International Chamber of Commerce’s arbitration tribunal has dismissed U.S. oil company ConocoPhillips’ $1.5 billion claim against Venezuelan state oil company PDVSA, an adviser to opposition leader Juan Guaido said on Friday. The case related to Venezuela’s breaking of a contract with Conoco regarding its stake in an offshore oil project called Corocoro. Under the arbitration ruling, […]

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Court ruling against Venezuela in Crystallex case puts Citgo at risk

(Reuters) – A U.S. federal appeals court on Monday rejected an appeal by Venezuela’s state-owned oil company to set aside an order allowing a Canadian gold mining company to seize shares in its U.S. refining unit, Citgo Petroleum Corp. Crystallex International Corp had won the $1.4 billion judgment as compensation for the expropriation of its assets in Venezuela under late […]

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Venezuela’s president orders banks to open crypto desks

The South American leader issued a state order yesterday instructing the Banco de Venezuela to accommodate the Petro at all 790 of its branches. Bizarrely, the 56-year-old socialist chose to make the order on Twitter before communicating with the troubled bank. The former bus driver and trade unionist tweeted: “I am giving the explicit order to open Petro transaction desks […]

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Venezuela’s Rival Sides to Resume Talks in Norway Next Week

Representatives of the main political actors in Venezuela will return to Oslo next week to resume talks, the Norwegian Foreign Ministry said. “Norway commends the parties for their efforts and appreciates their disposition,” Foreign Minister Ine Eriksen Soreide said in a statement on Saturday. A multipronged diplomatic push to break Venezuela’s political stalemate began last week, with a European Union […]

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Flights between U.S. and Venezuela suspended as unrest continues

WASHINGTON — The U.S. Department of Transportation on Wednesday ordered the suspension of all commercial passenger and cargo flights between the United States and Venezuela, citing reports of unrest and violence around airports in the South American country. In a letter to the Transportation Department requesting the halt, the Department of Homeland Security said “conditions in Venezuela threaten the safety and […]

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Venezuela 'boiling point' close, Juan Guaido may topple socialist regime: Wilbur Ross

John Bolton: Cubans, Russians are propping up Maduro White House National Security Adviser John Bolton on the military uprising in Venezuela. Commerce Secretary Wilbur Ross joined President Trump in throwing his support behind what could be a historic change in leadership in the embattled socialist country following Venezuelan opposition leader Juan Guaidó’s call for citizens and the military to back him up […]

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Bolton presses key aides to Venezuela's Maduro to abandon him

WASHINGTON (Reuters) – U.S. national security adviser John Bolton on Tuesday singled out three senior aides to Venezuelan President Nicolas Maduro who he said must make good on commitments they purportedly made to the opposition for a peaceful transition away from Maduro’s rule. Speaking at the White House during a day of anti-government protests in Venezuela, Bolton named Venezuelan Defense […]

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