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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]
The president of Minerven, Venezuela's state-run mining company, Adrian Antonio Perdomo was sanctioned in March 2019. [51] [52] The U.S. Treasury added sanctions on 17 April to the Central Bank of Venezuela and one of its directors, Iliana Ruzza, [53] [54] to two Central Bank directors already sanctioned. [54]
Venezuela has experienced an oil dependency for an extended part of their history, but in the recent years, their focus has shifted over to gold. [2] As a part of the 2016 settlement of a dispute over withdrawal of a gold concession to Gold Reserve, a Canadian mining company, the government entered into a joint venture to exploit the Brisas mine and Las Cristinas goldmines.
Venezuela’s government in 2016 established a huge mining development zone stretching across the central area of the country to supplement flagging revenue from its dominant oil industry, which ...
Venezuela’s government in 2016 established a huge mining development zone stretching across the central area of the country, to supplement flagging revenue from its dominant oil industry, which ...
Tellechea's tenure as head of Venezuela's most valuable industry ended in August, when Maduro reassigned his duties to the vice president and named him minister of industry and national production. Maduro on Friday replaced him by appointing a close ally who was pardoned by U.S. President Joe Biden last year as part of a prisoner swap.
In 2013, Venezuela registered a new high in the number of cases of malaria in the past 50 years, and by 2014, was the only country in Latin America where the incidence of malaria was increasing, allegedly in part due to illegal mining; [g] medical shortages in the country hampered treatment. [182]
This month, for the first time in a decade, Venezuela will hold an election in which Maduro’s government is being challenged by an opposition with a credible chance of winning.