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Venezuela issues at the G7 meeting

Tuesday, April 24, 2018

Colombia's Migrant Crisis Worsens With Venezuela Nearing ‘Implosion


The flow of migrants fleeing Venezuela’s collapsing economy is increasing every day, putting a strain on Colombia’s health and education systems and its jobs market, Colombian President Juan Manuel Santos said. “Venezuela is on the verge of imploding,” Santos told Bloomberg TV Monday. “What we hope is that this implosion will be peaceful and not violent, because otherwise we will have a tremendous avalanche of more Venezuelans coming to Colombia.” The migrant crisis is probably the biggest challenge facing Colombia at the moment, Santos said. Venezuelans are currently crossing the border into Colombia at the rate of more than 100,000 per month, according to data from the immigration authority, with many more arriving illegally. More…




Underlining alliance, Venezuela’s Maduro visits new Cuban leader


Maduro flew to Havana the following day to congratulate him and map out further cooperation between the two countries that became strategic allies in 2000 with the rise to power in Venezuela of socialist leader Hugo Chávez. “We come to renew hope, to renew dreams and … above all, to visualise the 10 years ahead,” Maduro told Cuban state-run media shortly before meeting with Díaz-Canel in the Palace of the Revolution. Venezuela, which holds the world’s largest oil reserves, exchanges oil for Cuban medical and other technical services, although deliveries have dropped over the past few years, hurting Cuba’s already struggling economy. In a change from official events during the nearly 60 years that the Castro brothers led Cuba, Díaz-Canel’s wife Lis Cuesta attended the welcome ceremony at the Palace of the Revolution as First Lady. More…

Colombia and U.S. To Expand Investigation On Corruption In Venezuelaombia


The United States and Colombia formed a joint working group aimed at expanding investigations on Venezuelan officials suspected of corruption through companies established in other countries. The Colombian Minister of Finance and Public Credit, Mauricio Cardenas, announced that the group should be led by the Financial Information and Analysis Unit of Colombia (UIAF) and the U.S. Treasury Department. The decision was made during at the sidelines of the spring meetings of the International Monetary Fund and the World Bank. More…


Venezuela vote rivals launch campaigns with gifts, promises of change


Venezuela’s President Nicolas Maduro kicked off his presidential campaign giving away trash trucks and tractors while challenger Henri Falcon laid out plans to de-politicize state oil company PDVSA [PDVSA.UL] and dollarize an ailing economy. Turnout at the May 20 election is expected to be low given Venezuelans’ depression over an unprecedented economic meltdown and a boycott by the mainstream opposition which views the poll as a farce intended to legitimize autocracy. More…

Arrested Chevron workers could face treason charge in Venezuela


Two Chevron employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm's executives. The arrests, by national intelligence agents, marked the first at a Western oil firm in Venezuela and represent a dramatic escalation of growing tensions between PDVSA and foreign companies over control of supply contracts, the sources told Reuters. The widening dispute could worsen operational chaos that has caused the OPEC nation's oil output to plunge by 23 percent, or 450,000 barrels per day, since October. More…