Skip to main content

U.S. HALTS WEAPON SALES TO VENEZUELA

The United States announced it has placed Venezuela on the list of countries not cooperating with counter-terrorism efforts and would ban future weapons sales to the country.

“This focuses on concerns that [the U.S.] has in terms of the relationship [Venezuela] has built up with states like Iran and Cuba, state sponsors of terror,” said Sean McCormack, spokesman for the U.S. Department of State. “There are also concerns about their interactions with the FARC (Revolutionary Armed Forces of Colombia) and the ELN (National Liberation Army of Colombia).”

The FARC is the military wing of the Colombian Communist Party while the ELN is a Marxist insurgent group formed in 1965 by urban intellectuals inspired by Fidel Castro and Ernesto “Che” Guevara. Together the two groups have fought the longest running guerilla war in history and are listed as terrorist organizations by both the United States and the European Union.

Venezuelan President Hugo Chavez dismissed the move as an act of an “irrational empire” telling the BBC that “we will take no notice.”

Relations between the U.S. and Venezuela deteriorated when President Bush allegedly supported a coup attempt against President Chavez on April 12, 2002. Chavez was reinstated as President two days later and won a 2004 national referendum with 59 percent of Venezuelans supporting him.

Comments

Popular posts from this blog

Bailout Risk Grows for Ecuador After Worst Earthquake in Decades

By Nathan Gill April 19, 2016 (Bloomberg) -- Before a 7.8-magnitude earthquake struck Ecuador on Saturday, the South American nation’s finances were already in tatters as the government struggled to meet payments to municipal authorities, oil companies and even cancer hospitals. Cut off from global bond markets, President Rafael Correa must now find enough money to rehouse thousands.
As volunteers continue to rescue victims from the rubble of collapsed homes and buildings on Ecuador’s Pacific coast, doubts are growing about the country’s ability to pay for the reconstruction. The nation is already in its worst recession since the financial system collapsed in the late 1990s, and international reserves are at their lowest levels in almost seven years.
Click hereto read the full story on Bloomberg News.

Ecuador Quake Death Toll Rises as World Leaders Offer Support

By Benjamin Bain and Nathan Gill April 16, 2016 (Bloomberg) -- World leaders from the Vatican to Washington offered support to Ecuador as casualties mounted following one of the strongest earthquakes to strike the South American country in decades.
By Sunday evening, the number of dead had climbed to at least 246, from 77 earlier in the day. At least 2,527 were injured, the government said. President Rafael Correa flew to the epicenter in hard-hit Manabi province after cutting short a trip to Rome, for a conference at the Vatican, in the aftermath of the 7.8-magnitude earthquake.
Click here to read the full story on Bloomberg News.

77-Year-Old Wall Street Favorite to Face Fujimori in Peru Runoff

By Nathan Gill and John Quigley April 12, 2016 (Bloomberg) -- The victory by Pedro Pablo Kuczynski, a former finance minister, for second place in Sunday’s Peruvian president elections sets up a showdown between two business-friendly candidates, part of a regional backlash against left-wing politicians.
Kuczynski, a 77-year-old Oxford-trained political economist who’s spent more than 50 years championing debt control and free trade, won 21 percent of vote with 96 percent of the ballots counted, according to the electoral office. He will face Keiko Fujimori, who won 39.8 percent, in a second-round vote on June 5.
Click here to read the full story on Bloomberg News.