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The Latest Breaking News from Venezuela

Arcos Dorados' Q4 Earnings Top Estimates

Arcos Dorados Holdings Inc (NYSE:ARCO) reported fourth-quarter FY21 sales growth of 28.3% year-on-year, excluding Venezuela, of $777.13 million, beating the consensus of $750.54 million. Total revenues amounted to $780.29 million. Excluding Venezuela, systemwide comparable sales grew 33.6% Y/Y and rose 24.2% on a 2-year basis. The operating margin was 10%, and operating income for…

Benzinga

Venezuela's government seeks to widen talks to include more groups

The government of Venezuelan President Nicolas Maduro is seeking meetings with political and business groups, and unions, among others, so that they can join negotiations alongside opposition politicians led by Juan Guaido, it said on Tuesday.

Reuters

U.S. judge says no immunity for ex-Venezuela general accused of drug trafficking

A U.S. judge on Tuesday rejected a bid by a retired Venezuelan general to dismiss drug trafficking charges against him on the basis of foreign sovereign immunity, saying the doctrine does not apply to a "rogue state."

Reuters

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Small oil producers like Ghana, Guyana and Suriname could gain as buyers shun Russian crude

As the U.S. and Europe cut back purchases of Russian oil, and energy traders shun it for fear of sanctions, the search is on for other sources. Attention has focused on Iran and Venezuela, both of which are led by governments that the U.S. sought until recently to isolate. But…

The Conversation

Cómo un banco atendió a los venezolanos que saquearon su patria, y se fueron a Miami

MIAMI - La página de LinkedIn de Leonardo González Dellán lo promueve como emprendedor y restaurantero. Un aviso de sanciones del Departamento del Tesoro de Estados Unidos de 2019 lo calificaba diferente: testaferro, un "prestanombres" financiero que escondía dinero para políticos venezolanos corruptos.

Miami Herald

Families of Americans detained in Venezuela ask Biden to stay the course in Maduro talks

WASHINGTON — The families of eight U.S. citizens who remain imprisoned in Venezuela have come to President Joe Biden’s defense over his outreach to the nation’s autocratic leader, Nicolás Maduro, asking him to stay the course with dialogue in the face of political headwinds at home.

Miami Herald

Ukraine crisis: How India plans to tackle global oil shocks

NEW DELHI: With global oil prices surging to record highs, the government is taking several measures to ensure there is no adverse impact on end-use consumers in India.

The Times of India

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India hopes for oil from Iran, Venezuela; higher output from Opec+ to cool prices

NEW DELHI: India, the world's third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and Iran as well as higher production from Opec+ nations to help cool international oil prices that have hit multi-year highs.

The Times of India

Can the west slaughter Putin’s sacred cash cow?

Ukraine believes the only way the Russian president will back down is if his economic power base in fossil fuels is seriously threatened. Putin thinks Europe and the US are too weak to do it – but some believe there is a way

The Guardian - UK

Venezuela sanctions relief needs ‘concrete steps,’ Sullivan says

WASHINGTON — Sanctions relief for Venezuela will be tied to “concrete steps” from the President Nicolas Maduro’s government, national security adviser Jake Sullivan said on Sunday.

Tribune News Service

After political blowback, US pauses talks with Venezuela to replace oil from Russia

The Biden administration has put oil talks with Venezuela’s strongman, Nicolas Maduro, on hold after receiving blowback from bipartisan lawmakers and the Latin American country’s democratic opposition.

Miami Herald

How one bank served Venezuelans who looted their homeland, split for Miami

MIAMI — Leonardo González Dellán’s LinkedIn page promotes him as an entrepreneur and restaurateur. A 2019 U.S. Treasury Department sanctions notice called him something else: testaferro, a financial “frontman” hiding money for corrupt Venezuelan politicians.

Miami Herald

Biden names Colombia a ‘major non-NATO ally,’ countering Putin’s influence in Latin America

WASHINGTON — President Joe Biden announced Thursday that he will name Colombia as a major non-NATO ally, a significant recognition as the United States tries to undercut Russian President Vladimir Putin’s influence in Latin America after his invasion of Ukraine.

Los Angeles Times

‘A necessary war’: reporting on the Ukraine ‘disagreement’ outside the west

Venezuela says Putin is a victim, China blames the US, and a South African pundit calls out western hypocrisy

The Guardian - UK

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Tribune News Service

Biden team open to easing economic restrictions on Venezuela

The U.S is willing to relax economic pressure on Venezuela depending on the outcome of upcoming talks between President Nicolas Maduro and the opposition, according to a senior Biden administration official.

McClatchy Washington Bureau

Florida GOP lawmakers ask Biden to keep sanctions against Venezuela’s Maduro

Florida Republican lawmakers asked President Joe Biden and two of his Cabinet secretaries in a letter Thursday to commit to maintaining current sanctions against Venezuelan dictator Nicolás Maduro and his associates following the administration’s recent outreach to Venezuela.

Reuters

Venezuelan vice president meets 'good friend' Lavrov of Russia

Venezuelan Vice President Delcy Rodriguez and Russian Foreign Minister Sergei Lavrov met on Thursday to review their countries' strategic alliance and discuss the "complex" international situation, she said in a message on Twitter.

The Independent UK

Pressure builds on Biden to repay Venezuela's goodwill moves

Pressure is building on the Biden administration to begin unwinding sanctions on Venezuela after President Nicolas Maduro freed two American prisoners and promised to resume negotiations with his opponents

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McClatchy Washington Bureau

US plans more talks with Maduro on releasing other Americans detained in Venezuela

WASHINGTON — The Biden administration plans to continue talking with President Nicolás Maduro on “a range of issues,” including the release of more Americans being detained in Venezuela, the White House said on Wednesday.

The Independent UK

Pariahs no more? US reaches out to oil states as prices rise

Three checkered oil regimes that President Joe Biden and past U.S. leaders have spectacularly snubbed — Venezuela, Saudi Arabia and Iran — are the targets of U.S. outreach as global fuel prices hit record highs during the Ukraine crisis

The Guardian - US

Venezuela releases two Americans in effort to improve relations amid energy crisis

Citgo’s Gustavo Cárdenas and Jorge Fernández released Tuesday while US representatives visited Caracas over the weekend

France 24

Ukraine war: US turns to old foe Maduro to help shut off Russia’s oil revenues

Venezuela released two jailed US citizens on Tuesday in an apparent goodwill gesture toward the Biden administration, which has reached out to the regime of Nicolas Maduro as it looks for help in shutting off Russia’s oil revenues amid the war in Ukraine.

Benzinga

Morning Brief: Top Stories Dominating Financial Media On Wednesday, March 9th

CNBC

Benzinga

US Could Ease Venezuela Sanctions Conditional On Direct Oil Supply: Reuters

U.S. President Joe Biden on Tuesday banned U.S. imports of Russian oil in retaliation for the invasion of Ukraine.

ABC News

Russia becomes the world's most sanctioned country, surpassing Iran and North Korea

Russia is now subject to more targeted sanctions than Iran, Venezuela, Myanmar and Cuba combined, according to new data released by Castellum.AI.

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