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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]
The negotiations during the crisis in Venezuela are the negotiation and dialogue attempts and processes between the government of Nicolás Maduro and the Venezuelan opposition. Although numerous dialogue processes and roundtables have taken place, by 2023 none had been effective in achieving a solution to the country's crisis. [1]
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]
Venezuela’s border with Guyana, defined by an international tribunal in 1899, runs over 500 miles of rivers and watersheds from the Atlantic Ocean to a tri-point border at Mount Roraima in Brazil.
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
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 ...
The election and protests occurred amid the Venezuelan crisis – ongoing since 2010 – which resulted in the largest peacetime exodus in history culminating in 7.7 million refugees in the Venezuelan diaspora from the Venezuelan refugee crisis according to the United Nations High Commissioner for Refugees.
On 29 March, a flight simulation center for Russian helicopters was launched in Venezuela, [62] and another flight simulator center is planned, as is a plant to produce Russian arms. [61] Russia supplies arms, special forces, and military advisors to Venezuela, and a base for cyber warfare is under construction on a Venezuelan island. [63]