UCF Global Perspectives

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Tag Archives: Venezuela

Venezuelan Government Wins Easier Debt Terms with Russia, China

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The Russian and Venezuelan governments signed an agreement on Wednesday confirming a ten-year payment plan for Venezuela’s 3.15 billion dollar debt to Russia (WP). Venezuelan payments to the Russian government will remain nominal during the first six years, allowing for economic stabilization and development, reported the Russian Finance Ministry. A day later, Geng Shuang, the […]

Mercosur Summit Addresses Venezuela Crisis

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Members of South America’s trading bloc Mercosur called for an end to violence in Venezuela and a restoration of institutional order in the region (Rio Times, LAHT). Venezuela was suspended from Mercosur last December over human rights concerns (Reuters). In a written statement, official Mercosur members, including Argentina, Brazil, Paraguay and Uruguay, offered to facilitate […]

Venezuelan Government Seizes General Motors Auto Plant

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The Venezuelan government seized a General Motors factory and other company assets on Wednesday, causing significant damage to the company and its workers (AP). According to a company statement, General Motors will take “all legal actions” to defend its rights against the “illegal judicial seizure of its assets” (Reuters). The seizure came amongst violent protests […]

Referendum to Remove Venezuelan President Delayed

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Seven hundred percent inflation and three straight years of economic hardship have many Venezuelans opposing the current government (Al Jazeera 1). Demands for President Maduro’s resignation sparked massive protests throughout Venezuela. Almost a million protesters flooded the streets of Caracas earlier this month (Al Jazeera 2). On Wednesday, members of the Venezuelan legislature ruled that […]

Venezuelan Court Criticized for Jailing Opposition Leader

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Leopoldo Lopez, the leader of the opposition group against Venezuelan President Nicolás Maduro, has been jailed for his role in protests in February of last year (New York Times; The Guardian; TeleSur). The protests were initially peaceful and directed towards bringing about President Maduro’s resignation (New York Times). However, a few hundred of the participants […]