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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
During the crisis in Venezuela, the United States, Canada, Mexico, Panama, Switzerland individually, and the countries of the European Union collectively, have applied sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals. [419]
Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [28] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [29]
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
There was censorship and media control during the Venezuelan presidential crisis between 2019 and January 2023.. A crisis concerning who was the legitimate president of Venezuela began on 10 January 2019, when the opposition-majority National Assembly declared that incumbent Nicolás Maduro's 2018 reelection was invalid and the body declared its president, Juan Guaidó, to be acting president ...
During the crisis in Venezuela, the United States, the European Union, Canada, Mexico, Panama and Switzerland have applied individual sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals alleged to be involved in human rights abuses ...
Venezuela then took further steps to press its claim such as publishing maps showing the territory annexed to the country and announcing plans to develop the region. In response to Venezuela's actions, other countries supported Guyana's position including Brazil, the UK and US. Brazil sent troops to its border with the region and the US ...
The 2024 Venezuelan blackouts were a series of interruptions to Venezuela's electrical service nationwide. The interruptions began on 27 August with a blackout that affected 12 states in the country at around 7:12 pm VET, [1] [2] lasting until service restorations began at approximately 8:30 pm. [3] On 30 August, another blackout was recorded that left more than 20 states in the country ...