Venezuela President Nicolás Maduro – REUTERS It’s come to this: Venezuelan dictator Nicolás Maduro is now sending a good chunk of the nation’s gold to Iran in exchange for help propping up the decrepit oil industry. At least nine tons of gold, worth about $500 million, flew off to Iran last month, government officials told Bloomberg…
Venezuela has the world’s largest oil reserves, yet people are scrambling to fill car tanks as petrol supplies dry up. For the last five years, Venezuelans have been struggling to live with an increasing shortage of food, medicine, electricity and water. An unprecedented economic crisis and, more recently, the severe US economic sanctions aimed at forcing out…
The crisis in Venezuela is only getting worse by the week. And with Russian backing, it looks less likely that dictator Nicolas Maduro will step aside. Ana Quintana of The Heritage Foundation explains what’s at stake, and what’s going on. Read our interview, posted below, or listen to it on the podcast: We also cover…