Tag Archives: Maduro

Maduro wins Venezuelan election branded ‘illegitimate & undemocratic’ by US and opposition

Nicolas Maduro has been declared the winner of Sunday’s presidential election, which saw a 46.1 percent turnout, according to Venezuela’s electoral council, after the opposition branded the vote a fraud and called for a boycott. With 92.6 percent of the vote counted, Maduro has won presidential election with 5,823,728 of the votes, National Electoral Council chief Tibisay Lucena announced. His ...

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US supports Venezuela's democracy by accusing Maduro of drug profiteering ahead of elections

The US has criticized the upcoming Venezuelan elections as ‘fake’, and rushed to support ‘democracy’ by slapping a top ruling party member with new sanctions and accusing president Nicolas Maduro of drug trade profiteering. The “second most powerful man in Venezuela,” Diosdado Cabello, immediately brushed aside all accusations and new US sanctions introduced against him for allegedly heading a drug ring, ...

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Venezuela's oil-backed cryptocurrency will be convertible to Russian rubles – President Maduro

The so-called ‘petro’ digital currency, which was successfully launched by Venezuela last month, will be traded for several global currencies, including the Russian ruble. “Starting March 23, all legal and physical entities will be able to purchase the petro directly… within the next 15 days for convertible currencies: yuan, rubles, Turkish liras and euro,” said Venezuelan President Nicolas Maduro. Read more ...

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Venezuela raised $735mn on launch of oil-backed ‘petro’ cryptocurrency – Maduro

Investors have purchased some $ 735 million worth of Venezuela’s oil-backed cryptocurrency on the very first day of pre-sale, according to President Nicolas Maduro, who praised it as means of breaching the US financial blockade. “Today, a cryptocurrency is being born that can take on Superman,” Maduro announced on Tuesday, referring to the US as a comic character. The Venezuelan ...

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Maduro says ‘illegal’ embargo of Venezuelan oil won’t do America any good

Venezuelan President Nicolas Maduro has warned the White House against imposing a ban on oil imports from the Latin American country. Oil exports to the US are crucial for Venezuela’s depleted budget. Read more “The oil embargo would be one of the biggest mistakes in international politics that Donald Trump would commit,” Maduro posted on Twitter. Venezuelan oil production has ...

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Maduro wants joint cryptocurrency mechanism within OPEC

President of Venezuela Nicolas Maduro wants the world’s major oil producers to create a mechanism for issuing cryptocurrencies. Caracas is about to start the pre-sale of its own oil-backed digital currency, the petro. “I will make an official proposal to all OPEC members and non-OPEC states to work out a joint cryptocurrency mechanism backed by oil,” Maduro told reporters after meeting ...

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Venezuela’s Maduro may be kicked out by own military & get ‘nice’ exile in Cuba, Tillerson hints

Issuing an ambiguous threat to Venezuela, US Secretary of State Rex Tillerson said the army has often been an “agent of change” in the Latin American country and beyond in cases when leadership “can no longer serve the people.” “In the history of Venezuela and South American countries, it is often times that the military is the agent of change ...

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Maduro announces pre-sale of Venezuela’s oil-backed cryptocurrency

Oil-rich Venezuela is officially joining the cryptocurrency craze. President Nicolas Maduro has announced the date for the pre-sale of a new “petro” cryptocurrency. The pre-sale date is February 20, and the country plans to replenish its depleted budget. “This is the moment to accelerate the entry of the petro, to have faith in what we’ve created and in the technological ...

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Maduro urges Latin American states to join oil & gold-backed cryptocurrency project

Venezuela’s leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the country’s oil, gas, gold and diamond riches. “I have a proposal for the economic teams of the ALBA: to assume jointly the creation of an oil-backed petro cryptocurrency, which will be ...

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North Korea, then Venezuela? Trump refuses to rule out WAR against despot Maduro

Mass street protests have taken place against Venezuelan president Nicolas Maduro amid questions surrounding the legitimacy of an election to establish an all-powerful Constituent Assembly. US officials and Venezuelan opposition figures fear the assembly could grant president Maduro a dictatorship as his ruling socialist party will virtually unlimited powers to change the nation’s constitution. Venezuelan opposition leaders have been jailed ...

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