CDE News - The Dispatch

Britain’s High Court rules against Venezuela’s Maduro in $1 bln gold battle

LONDON, July 29 (Reuters) - Britain's High Court has rejected President Nicolas Maduro's latest efforts to gain control of more than $1 billion of Venezuela's gold reserves stored in the Bank of…

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Jun

Venezuelan oil exports to Europe set to resume after two years

A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv…

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Venezuelan President Maduro to visit Turkey, meet Erdogan

CARACAS, June 7 (Reuters) - Venezuelan President Nicolas Maduro will pay a two-day official visit to Turkey beginning on Tuesday, the Turkish government said. Maduro has repeatedly said he will visit Turkey,…

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Photo Story – El Nazareno in Venezuela

Photo Crisman Gomez represents Christ during the Stations of the Cross, organized by the Church of Our Lady of Fatima, in the El Nazareno neighborhood of Petare, in Caracas, Venezuela,…

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Messi praises home fans in possible farewell before World Cup

BUENOS AIRES (Reuters) - Lionel Messi paid tribute to Argentina fans in what could be their last home game before November’s World Cup finals and said the raucous support in…

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U.S. officials travel to Venezuela, a Russian ally, for talks

WASHINGTON (Reuters) - Senior U.S. officials traveled to Venezuela for talks with President Nicolas Maduro's government, seeking to determine whether Caracas is prepared to distance itself from close ally Russia amid its invasion of Ukraine,…

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Gold reserves at Venezuelan central bank down to new 50-year low

CARACAS (Reuters) - The Venezuelan central bank's gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by the bank. The quantity of gold bars…

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Swiss watchdog faults two more banks in Venezuela money-laundering probe

ZURICH, Nov 18 (Reuters) - Switzerland's financial regulator reprimanded two more Swiss banks for breaching their obligations to combat money laundering as it wrapped up a five-year investigation into banks'…

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Venezuela’s Maduro ally Saab pleads not guilty to U.S. money laundering charge

Alex Saab, an ally of Venezuelan President Nicolas Maduro, has pleaded not guilty to a U.S. charge of conspiring to launder money, according to a court document filed on Monday, in…

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US judge dismisses most money laundering charges against Maduro ally Saab

A U.S. judge in Florida on Monday dismissed money laundering counts against Alex Saab, an ally of Venezuelan President Nicolas Maduro, but he remains accused of one count of conspiracy to launder money, a…

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EU election observers begin work ahead of Venezuela regional, local vote

European Union election observers began their mission in Venezuela, as campaigning kicked off for regional elections next month which are set to include opposition candidates. It is the first time…

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Venezuela receives second batch of 2.5 million vaccines via COVAX

CARACAS (Reuters) - Venezuela on Sunday received a second batch of 2.5 million doses of COVID-19 vaccines via the COVAX mechanism, while the government said it hoped to reach immunity for 70% of Venezuelans by the end of the month. Pan American Health Organization…

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Venezuela to subtract six zeros from currency, second overhaul in three years

CARACAS, Oct 1 (Reuters) - Venezuela on Friday will launch its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying…

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Extreme poverty in Venezuela rises to 76.6% – study

Around three-fourths of Venezuelans now live in extreme poverty as the once-prosperous OPEC nation's hyperinflationary economic collapse continued for a seventh straight year, according to a study published this week.…

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Under U.S. sanctions, Iran and Venezuela strike oil export deal – sources

Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…

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Venezuelan leader Maduro lands in Mexico ahead of Latin American leaders’ summit

MEXICO CITY (Reuters) - Venezuelan President Nicolas Maduro arrived in Mexico City on Friday, Mexico's foreign ministry said, ahead of a summit of a recently elected "pink tide" of leftist…

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Photo Story: Freestyle BMX takes over gun violence in Caracas

Venezuelan BMX athlete Daniel Dhers in action during a visit to the Cota 905 neighbourhood in Caracas, Venezuela. The Caracas neighbourhood known as Cota 905, which a month ago was…

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Venezuela’s Rojas smashes women’s triple jump world record to take gold

Yulimar Rojas of Venezuela jumped 15.67 metres on Sunday to smash the world record in the women's triple jump with her final attempt, having already secured the gold medal. The…

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Clashes between police, Caracas gang leave 26 dead in Venezuela

Clashes between police and a gang in northwestern Caracas this week have left at least 26 dead, including four officers, and 38 people injured, Venezuelan Interior Minister Carmen Melendez said.…

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Peru vanquish Venezuela to seal Copa last eight spot

Peru clinched a 1-0 win over Venezuela in the Copa America on Sunday, striking early in the second half to seal their place in the last eight of the competition.…

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U.N. agency says 41 million on verge of famine

Some 41 million people worldwide are at at imminent risk of famine, the United Nations World Food Programme (WFP) warned on Tuesday, saying soaring prices for basic foods were compounding…

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First diesel cargo in six months arrives in Venezuela

Venezuela's first diesel imports since November arrived this week aboard the tanker Bueno, carrying almost 500,000 barrels of fuel desperately needed by farmers and truckers in the sanction-hit country, according…

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Cooking oil or crude? Italian restaurant owner was mistaken target of U.S. sanctions

One of the final acts of the Trump administration was almost certainly one of the most confounding for Alessandro Bazzoni, a restaurant owner in Verona, Italy. As part of a…

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Facebook freezes Venezuela president Maduro’s page over COVID-19 misinformation

Facebook has frozen Venezuelan President Nicolas Maduro's page for violating policies against spreading misinformation about COVID-19 by promoting a remedy he claims, without evidence, can cure the disease, a company…

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Maduro seeks to speed up digital payments as Venezuela runs out of cash

Venezuelan President Nicolas Maduro is pressing banks to implement digital payment systems as hyperinflation prompts chronic shortages of cash in the bolivar currency, three people familiar with the talks told…

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Venezuela’s Maduro receives first dose of Sputnik V coronavirus vaccine

CARACAS (Reuters) - Venezuelan President Nicolas Maduro and first lady Cilia Flores have received their first dose of Russia's Sputnik V coronavirus vaccine, Venezuelan state television reported on Saturday. Images…

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Biden in no rush to lift Venezuela sanctions, seeks ‘serious steps’ by Maduro

WASHINGTON, Feb 28 (Reuters) - President Joe Biden’s administration is in “no rush” to lift U.S. sanctions on Venezuela but would consider easing them if President Nicolas Maduro takes confidence-building…

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Venezuela kicks out head of EU delegation after new sanctions

Venezuelan Foreign Minister Jorge Arreaza said that the head of the European Union’s delegation in Caracas had 72 hours to leave the country and declared her persona non grata after…

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Venezuela’s offshore funds could pay for vaccines but Maduro not cooperating, Guaido says

CARACAS, Feb 3 (Reuters) - Venezuelan opposition leader Juan Guaido said on Wednesday that Venezuelan funds controlled by the U.S. Treasury Department could be used to pay for coronavirus vaccines…

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MEPs appeal so EU states recognise Guaido as Venezuela’s leader

The European Parliament called on EU governments to recognise Juan Guaido as Venezuela’s interim president in a resolution on Thursday, after a downgrade of his status by the bloc earlier…

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U.S. blacklists oil traders, tankers for undermining Venezuela sanctions

The United States sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington’s sanctions on…

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Venezuela to seat socialist-held congress as Maduro consolidates power

Venezuela's ruling socialist party on Tuesday will install a congress controlled by allies of President Nicolas Maduro, a change in control that many Western nations have assailed as the product…

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In pandemic and recession, Santa Claus gifts bread and clothes to poor Venezuelan kids

GUARENAS, Venezuela (Reuters) - Santa Claus walked the streets of the outskirts of Venezuela’s capital Caracas this weekend, giving children gifts ranging from bread to clothes at a time when…

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EU rejects result of disputed Venezuela congress election

BRUSSELS, Dec 7 (Reuters) - The European Union said on Monday it did not consider Venezuela's parliamentary election on Sunday was free or fair and rejected the result, calling on…

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Maduro allies win majority in disputed Venezuela congress election

CARACAS (Reuters) - Allies of Venezuelan President Nicolas Maduro won a majority of votes in a parliamentary election that saw scant participation due to a boycott by the opposition, who…

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Opposition politician Leopoldo Lopez flees Venezuela

Key Venezuelan opposition figure Leopoldo Lopez has left the Spanish diplomatic compound in Caracas where he had been staying for more than a year and fled the country, his party…

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MEPs criticise Borrell after ‘clandestine’ mission to Venezuela

EU Foreign Policy chief Josep Borrell has denied going to Venezuela prior to the national elections in December. He told members of the European Parliament that the meeting involved two…

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Third Iranian fuel tanker arrives in gasoline-starved Venezuela’s waters

The final vessel in a flotilla of three Iranian fuel tankers entered gasoline-starved Venezuela's waters on Saturday, in the latest sign of cooperation between the two countries amid protests over…

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EU representatives discussed possible election delay with Venezuelan government: statement

A European Union mission that visited Venezuela last week discussed with authorities the possibility of delaying a parliamentary vote scheduled for Dec. 6, in the hopes of improving electoral conditions,…

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EU mission visits Venezuela in run-up to parliamentary vote

The European Union has sent a mission to Venezuela in the run-up to parliamentary election scheduled for December, the EU announced, as the country prepares for a vote that will…

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EU says ‘time is too short’ to send observers for Venezuela’s December vote

The European Union has received an invitation to observe parliamentary elections in Venezuela in December, but President Nicolas Maduro’s authoritarian government so far has not met “minimum conditions” to allow…

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Maduro pardons opposition politicians

Venezuela said on Monday it has pardoned more than 50 opposition politicians including 20 legislators who had mostly been accused of conspiring against President Nicolas Maduro, as the country heads…

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Coronavirus Global Response: EU Humanitarian Air Bridge supports Venezuela

As part of the EU's global coronavirus response, an EU Humanitarian Air Bridge operation consisting of two flights to Venezuela has concluded after delivering a total of 82.5 tonnes of…

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Maduro says Venezuela buying Iranian missiles ‘a good idea’

Venezuelan President Nicolas Maduro said it would be a “good idea” to look into buying missiles from Iran, a day after Colombia said Venezuela was considering such a plan amid…

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U.S. unfreezing Venezualan assets to help opposition fight COVID-19

Venezuela's opposition said the United States has granted it access to millions of dollars of frozen Venezuelan government funds to support efforts to combat the spread of COVID-19 in the…

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U.S. says seized four Iranian fuel shipments en route to Venezuela

The United States announced it had confiscated four Iranian fuel shipments that had been bound for Venezuela, disrupting a key supply line for both Tehran and Caracas as they defied…

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U.S. turns screws on maritime industry to cut off Venezuela’s oil

Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to…

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Libya and US investigating gold-for-cash trades between Venezuela and Haftar

An investigation is under way by Libyan and US authorities into suspected gold-for-cash trades between Venezuela and Libyan eastern commander Khalifa Haftar. Libyan and European security officials told the WSJ that Haftar's…

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U.S. seeks to seize gasoline in 4 Iran tankers bound for Venezuela

U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration to increase economic…

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Venezuela’s Maduro orders EU envoy to leave the country

Venezuelan President Nicolas Maduro ordered the European Union envoy to leave the country, hours after the EU announced sanctions against several officials loyal to the socialist leader. The EU subjected 11…

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U.S. puts sanctions on five Iranian ship captains for bringing oil to Venezuela

The United States on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, and Secretary of State Mike Pompeo reaffirmed Washington’s backing for Venezuelan opposition leader…

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Oil tankers carrying two months of Venezuelan output stuck at sea

Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation's crude to avoid falling foul of U.S. sanctions, according to…

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Iran prepared to retaliate if U.S. stopped Venezuela-bound tankers

An Iranian news agency close to the elite Revolutionary Guards said on Saturday Iran's naval forces were preparing to target U.S. commercial vessels in the Gulf last month in case…

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U.S. looking into reports of Haftar’s oil dealings with Venezuela

The United States is investigating and trying to get to the bottom of reports that Libya's eastern-based commander Khalifa Haftar's plane was in the Venezuelan capital Caracas last week, a…

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U.S. sanctions four shipping firms for transporting Venezuelan oil

The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by…

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Venezuela says Iranian tankers will get military escort

Venezuela on Wednesday said its navy and air force would escort Iranian tankers arriving with much needed fuel, after Tehran warned of "consequences" if the US stopped the ships from…

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Venezuela in bid to force Bank of England to hand over $1bn of gold

Venezuela's central bank has launched a legal claim in an effort to force the Bank of England to hand over $1.02bn of the country's gold it holds. A document submitted…

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