President
Nicolás Maduro of Venezuela drove himself to an ailing iron plant this month to
tout its export capacity amid tightening American sanctions. “No one is going
to stop us,” he said with his wife by his side as they watched a conveyor belt
of iron briquettes at the Guayana Steel Complex. “These are the days of
victory!” Two days later, the plant was out of business. It was paralyzed by
the crippling national blackout that lasted almost five days and wiped out what
little was left of Venezuela’s heavy industry. The blackout, coupled with new
American sanctions on Venezuela’s critical oil sector, have pushed the country
even closer to total economic collapse. More…
Monday, April 1, 2019
As Venezuelan Economy Unravels, Maduro Opponents Hope Downturn Will Topple Him
President
Nicolás Maduro of Venezuela drove himself to an ailing iron plant this month to
tout its export capacity amid tightening American sanctions. “No one is going
to stop us,” he said with his wife by his side as they watched a conveyor belt
of iron briquettes at the Guayana Steel Complex. “These are the days of
victory!” Two days later, the plant was out of business. It was paralyzed by
the crippling national blackout that lasted almost five days and wiped out what
little was left of Venezuela’s heavy industry. The blackout, coupled with new
American sanctions on Venezuela’s critical oil sector, have pushed the country
even closer to total economic collapse. More…
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