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Venezuelan crisis

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Venezuelan crisis
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. The decade-long standoff reached a climax on January 3, 2026, when a US special operations raid in Caracas resulted in Maduro’s capture.
Venezuela

Video | How did oil-rich Venezuela spiral to instability?

The Venezuelan oil industry has made the country rich, but economic mismanagement and foreign interference led to years of instability.

Opinion | China waits and watches as the US fights all its tigers at once

From sanctioned to ‘legitimate’: how China bought Venezuelan oil from the US

After Nicoals Maduro’s January seizure, Washington is selling seized oil globally, with China a key buyer, says Energy Secretary Chris Wright.

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