Venezuela to Use Ruble in Trade with Russia to Bypass US Sanctions

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TEHRAN (FNA)- The Russian currency will replace the dollar in transactions between the two countries, Tareck El Aissami, Venezuela’s vice president of the economy, said at the St. Petersburg International Economic Forum. “Unilateral American sanctions are preventing us from using … Read More

What are Russia, Iran and Cuba doing in Venezuela?

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When about 100 Russian servicemen and military equipment were reportedly flown into Venezuela in late March, US President Donald Trump’s response was to declare that ‘Russia has to get out’. Moscow refused, saying that the troops would stay ‘as long as needed’ and that they were … Read More

Venezuela has finally admitted to the awful state of its economy

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Five years of ruin. This week Venezuela’s central bank unexpectedly published data (link in Spanish) on economic growth and inflation. It’s the first time in years that official figures on the economy have been released. Regular updates stopped in 2015 as president … Read More

Venezuela’s Maduro is paranoid, isolated and is sleeping in a bunker as he clings to power in his shattered country

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White House national security adviser says Nicolas Maduro is hiding in a bunker Mauricio Claver-Carone claims Venezuelan president has lost his inner circle  Trump administration adviser said the opposition uprising had not been a failure  He added Russian and Cubans around Maduro shows … Read More

Venezuela braces for more protests as Maduro clamps down

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Opposition leader Juan Guaido calls for nationwide rallies to protest against arrest of deputy speaker Edgar Zambrano. National Assembly VP Edgar Zambrano (L) was arrested by intelligence services [File: Reuters] Venezuela is bracing for another day of nationwide protests following the … Read More

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