Venezuelan crisisi

Under President Nicolas Maduro, Venezuela's prosperity and stability have evaporated. In 2014, Venezuela entered recession. In 2015, the country's inflation rate soared to its highest in history. Failing healthcare, food shortages, corruption and increased crime underpinned deepening dissatisfaction with Maduro's government, enabling the opposition to win control of the National Assembly.

Full-scale political meltdown followed when, in October 2016, the National Electoral Council called for Maduro's removal from the presidency. Months of deadly protests and a crackdown on dissent further polarised the country. In July 2017, Maduro convened a new Constitutional Assembly, made up of his allies, to replace the Venezuelan Constitution and supersede the opposition-controlled National Assembly. Condemnation from the international community was scathing: Maduro was branded a "dictator" intent on undoing Venezuelan democracy, but he has so far remained defiant, cementing his power.


Beijing’s massive investment in the corrupt Maduro regime has been a mistake. China has failed to save Venezuela from economic collapse, and serious questions are being asked about Beijing’s sensitivity in managing geopolitical risks.

  • On Friday, the country becomes the South American nation to have removed the most zeros from its currency – 14 since 2008
  • With a loaf of bread costing 7 million bolivars amid rampant inflation, the central bank is hoping the move will simplify transactions

A ship that recently loaded Venezuelan crude was found to be using a false signal to disguise its identity, potentially putting Palau in breach of US sanctions.

Many of the 30,000 Chinese-Venezuelans living in Enping, Guangdong province, face a grim scenario: return to their ‘shattered’ South American home or illegally stay in China.


President Nicolas Maduro seized total control of Venezuela’s political institutions with a sweeping victory in legislative elections that were boycotted by the main opposition parties.

The Treasury Department accused the electronics company of supporting Maduro’s efforts to restrict internet and conduct cyber operations against opponents.

The ruling came after Venezuela President Nicolas Maduro’s central bank asked for US$1 billion in gold bullion to be released from the Bank of England.

Fleet is carrying about 1.5 million barrels of fuel, and arrives amid tensions between Tehran and Washington, which has imposed sanctions on Venezuelan oil exports and Iran.


For some of Venezuela’s high-flying ‘Bolichicos’ – the privileged offspring of the socialist revolution – the party hasn’t stopped amid a widening pandemic in a country already gripped by crisis.

US officials have long sought Carvajal because they believe he could provide a treasure trove of information on the alleged drug activities of Maduro.

President accused of conspiring to ‘flood United States with cocaine’; move marks escalation in Trump administration’s campaign to oust socialist leader.


Troops with riot shields blocked Venezuela’s opposition leader Juan Guaido from entering parliament for what was expected to be his re-election as head of Congress.

Government and state oil company suggest paying suppliers and contractors in yuan accounts in China as Caracas tries to cope without access to the US financial system.

A week after President Nicolas Maduro’s ally Evo Morales was toppled in Bolivia, Guaido is seeking to boost thinning crowds that have grown apathetic since a botched uprising in April failed to remove Maduro.