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The Corrupt Venezuelan Regime, according to the United States Department of Justice. Corruption in Venezuela is extremely severe and permeates all aspects of politics, business, and law enforcement. [1] The discovery of oil in Venezuela in the early 20th century worsened political corruption. [2]
According to The U.S. Bureau of Diplomatic Security, street gang violence, "corrupt" underpaid police officers, "an inefficient and politicized judicial system", an extremely troubled prison system, and an increased widespread of weaponry has resulted in the majority of criminal activity in Venezuela, with murder being the crime committed the ...
In the rest of Venezuela, an electric rationing system was implemented by zones. Before Holy Week in 2010, the power supply was cut by about 3 hours at a frequency of 3 or 4 days. On average, outside of Caracas, Venezuela experienced an interruption in electrical service of between 9 and 12 hours a week. [42]
Hugo Chevez died from cancer last night after 14 years as President of Venezuela. In the short term, Chavez's death means little for the oil markets, which shrugged off the news. The question now ...
Venezuela reactivated its claim over the 160,000 square km (61,776 square mile) territory in recent years, after the discovery of offshore oil and gas. The maritime border between the two ...
On 1 November 2018 Trump signed an executive order to "ban US persons from dealing with entities and individuals involved with 'corrupt or deceptive' gold sales from Venezuela". [ 142 ] In mid-February 2019, National Assembly legislator Angel Alvarado said that about eight tons of gold had been taken from the vault while the head of the Central ...
As Washington rolled out the new sanctions, Secretary of State Antony Blinken called Friday's inauguration "illegitimate," saying in a statement that the U.S. "does not recognize Nicolas Maduro as ...
The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (4.8 × 10 10 m 3) as of 1 January 2014. [1] The 2019 edition of the BP Statistical Review of World Energy reports the total proved reserves of 303.3 billion barrels for Venezuela (slightly more than Saudi Arabia's 297.7 billion barrels ...