Power Suppliers Wary as Venezuela Seeks Urgent Grid Repairs Without Payment Guarantees

Venezuela’s efforts to restore its battered electricity system are facing a major obstacle as international power suppliers hesitate to take on urgent repair work without firm assurances they will be paid. The hesitation comes at a critical moment for the South American nation, where years of underinvestment, poor maintenance and economic turmoil have left the […]

U.S. Announces New Sanctions on Maduro Relatives and Venezuela-Linked Tankers

U.S. Announces New Sanctions on Maduro Relatives and Venezuela-Linked Tankers

The United States announced new sanctions on Thursday targeting individuals and companies connected to Venezuela. The measures apply to three relatives of President Nicolás Maduro’s wife, as well as six oil tankers and associated shipping firms accused of transporting Venezuelan crude. The action comes as the U.S. increases its military presence in the southern Caribbean […]