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In June 2010, Chávez declared an "economic war" due to increasing shortages in Venezuela. The crisis intensified under the Maduro government, growing more severe as a result of low oil prices in 2015, [8] and a drop in oil production from lack of maintenance and investment. [9]
With the increase in global temperatures due to climate change, the melting of large ice masses is a continuous phenomenon that, among other things, contributes to raising sea levels around the world.
The history of Venezuela during World War II is marked by dramatic change to the country's economy, military, and society. At the beginning of World War II in 1939, Venezuela was the world's leading oil exporter, and subsequently one of the main beneficiaries of the American Lend-Lease programs.
National Assembly declared Maduro a usurper of the presidency on the day of his second inauguration [2] The Supreme Tribunal of Justice declared the National Assembly to be "unconstitutional" [2] Guaidó is declared as acting president and takes the presidential oath on 23 January [3] [4] Goals: End of Maduro's government; Transition government
Venezuela is battling a record number of wildfires, according to data released on Monday, as a climate change-driven drought plagues the Amazon rainforest region. Satellites registered more than ...
Venezuela became the eighth-most-important weapons importing country in 2011 according to the Russian Centre for the Analysis of the Arms Trade, surpassing Turkey and Pakistan. [164] As of 2012, Venezuela had about US$7.2 billion in debt for the purchase of weapons from Russia. [165]
Instead, Chávez declared Venezuela to be neutral in the dispute, yet another action that irritated American officials and tensed up relations between the two nations. The border between Venezuela and Colombia was one of the most dangerous borders in Latin America at the time, because of Colombia's war spilling over to Venezuela. [40]
Venezuela has the world’s largest proven crude reserves and once boasted Latin America’s most advanced economy, but it entered into free fall after Maduro took the helm in 2013. Plummeting oil ...