Maduro

By: Bloomberg | Published: May 31, 2020 8:06:09 am People push a vehicle that ran out of fuel to a Petroleos de Venezuela SA (PDVSA) gas station in Caracas, Venezuela (Bloomberg)Venezuela’s President Nicolas Maduro said fuel prices would increase starting in June, a historic policy shift after decades of subsidies…

(Bloomberg) -- Venezuela’s President Nicolas Maduro said fuel prices would increase starting in June, a historic policy shift after decades of subsidies that have allowed Venezuelans to essentially fill their tanks for free.Gasoline will be sold at 5,000 bolivars (2.5 U.S. cents) per liter at gas stations nationwide starting Monday,…

By Mayela Armas and Karin StroheckerCARACAS/LONDON (Reuters) - An English court on Thursday said it would need to decide which of Venezuela's dueling political factions to recognize before ruling on President Nicolas Maduro's request for the Bank of England to hand over gold the country has in its vaults.Venezuela for…

(Reuters) - The Venezuelan navy said it escorted a fourth tanker bringing Iranian fuel through its waters on Thursday, while the United States called the shipments to the gasoline-starved country a distraction from problems facing President Nicolas Maduro. The oil industries of Iran and Venezuela are both under U.S. sanctions.…

(Bloomberg) -- The lawsuits over the ownership of Venezuelan gold are starting to stack up.Deutsche Bank AG wants a judge to decide whether about 100 million pounds ($123 million) held by receivers following a terminated gold deal should be delivered to President Nicolas Maduro’s administration or one run by opposition…

Venezuela's President Maduro holds a news conference at Miraflores Palace in CaracasBy Mayela Armas and Mircely GuanipaCARACAS/MARACAY, Venezuela (Reuters) - Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation's…

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Wednesday that the government must begin charging for gasoline, and said he had directed a team of specialists to determine what the price should be. Maduro added that the government had paid for a recent flotilla of shipments of gasoline from…

A former Venezuelan politician was charged Wednesday with participating in a vast narco-terrorism conspiracy in which he traded drugs for weapons and recruited terrorists from Hezbollah and Hamas to orchestrate attacks against U.S. interests.The charges against Adel El Zabayar come two months after the Justice Department unsealed a sweeping indictment…

CARACAS (Reuters) - Venezuela has reached a deal with the U.N. Development Programme (UNDP) to destine part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said on Wednesday. Calixto Ortega, president of the Central Bank…

A second tanker dispatched by Iran was welcomed Monday by Venezuelan naval frigates and helicopters as it entered national waters, a lifeline for embattled Venezuelan President Nicolás Maduro that reflects the closer ties being forged between Tehran and U.S. adversaries in Latin America. The first of five tankers carrying 1.5…