President Nicolás Maduro

US blasts Maduro move to sideline opposition

Caracas - Muslimchronicle

The US accused Venezuela's President Nicolas Maduro on Monday of a dictatorial bid to wipe his opponents off the political map following his latest poll victory, after he announced the main opposition is barred from next year's presidential election. Maduro's ruling socialists triumphed as expected in mayoral polls Sunday, taking 300 of the country's 335 mayorships after a boycott byRead more

Main opposition parties barred from next presidential vote: Venezuela's Maduro

Caracas - Muslimchronicle

Venezuela's leading opposition parties cannot take part in next year's presidential election because they did not take part in Sunday's local voting, President Nicolas Maduro said, in a move set to further consolidate his grip on power. That includes the groups of Henrique Capriles, Leopoldo Lopez and others, Maduro said after voting. "That's what the National Constituent Assembly set out,"Read more

Venezuela's UN ambassador says resigning at Maduro's request

Caracas - Muslimchronicle

Caracas' ambassador to the United Nations, Rafael Ramirez, said in a letter released Tuesday he was standing down at the request of Venezuela's President Nicolas Maduro, as a feud between the two worsened. Ramirez had long been seen as a target of Maduro's aggressive push to consolidate power in the run-up to next year's presidential elections in the crisis-wracked SouthRead more

Venezuela creating digital currency amid financing crisis

london - Muslimchronicle

Venezuelan President Nicolás Maduro has announced the creation of a new virtual currency in a bid to ease the country's economic crisis. He said the Petro would be backed by Venezuela's oil, gas, gold and diamond wealth. Opposition lawmakers, however, poured scorn on the plan. Venezuela's economy has been hit by falling oil revenue and the plummeting value of itsRead more

Venezuela rivals begin new crisis negotiations bid

Santo Domingo - Muslimchronicle

President Nicolas Maduro's leftist government and the main opposition coalition resumed talks in the Dominican Republic Friday, aimed at resolving Venezuela's crushing economic and political crisis. Both sides held preliminary meetings on Friday with foreign ministers from Latin American nations acting as guarantors in the talks. Dominican President Danilo Medina -- who is hosting the talks with fellow mediator andRead more

Venezuela arrests former oil bosses in corruption purge

Caracas - Muslimchronicle

Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown. Attorney General Tarek William Saab told journalists that the former minister Eulogio del Pino and ex-PDVSA boss Nelson Martinez were picked up in a dawn operation by the country's Military CounterintelligenceRead more

EU envoys approve arms embargo on Venezuela

Brussels - Muslimchronicle

EU member states on Wednesday backed an arms embargo on Venezuela in response to the deepening crisis in the oil-rich Latin American state, diplomatic sources said. The sources said the measures, to be formally approved on Monday, include a bar on European companies exporting electronic surveillance equipment that could be used to repress opponents of President Nicolas Maduro's government. source:Read more

Venezuela seeking debt restructuring: President Maduro

Caracas - Muslimchronicle

Venezuela is looking to restructure all its foreign debt, President Nicolas Maduro said Thursday -- the day state oil company PDVSA had to pay $1.2 billion in maturing bonds to avoid a default. "I decree a refinancing and a restructuring of all external debt and all of Venezuela's payments," Maduro said. He said PDVSA would make its big bond payoutRead more

Venezuela opposition parties to boycott local elections

Caracas - Muslimchronicle

Three major opposition parties in Venezuela announced Monday they will boycott municipal elections in December, saying the vote will not be free or transparent. "Taking part in these elections is not viable," said Henry Ramos Allup of Democratic Action, one of those three parties. The voting is scheduled for December. In regional elections this month, President Nicolas Maduro's party rolledRead more