Taking stock of the Venezuelan economy is a notoriously difficult and painful task. Yet we take a deep dive in this infographic to understand what the indicators show and what future prospects, under US semi-colonial control, may hold. Follow the thread 🧵
Meanwhile, the acting Rodríguez gov't has secured a place in Trump's good graces to retake control of CITGO and will appoint a new board. It hopes that the Trump admin will step in and halt the forced sale, but there's no suggestion that it's on the cards
https://t.co/FOm3rPgGLh
Corporate plunder to be consummated? An appeals court is holding a hearing on a challenge to the forced sale of Venezuela's US-based refiner CITGO. Other corporations and the company's lawyers are protesting that the process was rigged
https://t.co/zUBezhwgTe
And it was rigged. It was the blatant theft of Venezuela's most prized foreign asset in broad daylight, a product of US sanctions and the collusion of the US-backed opposition. Our infographic has a short history of the CITGO plunder
https://t.co/OVkbuZEyfP
And speaking of Figuera, she recently forecast presidential elections to place in late 2027 or early 2028, contradicting gov't delegation leader Jorge Rodríguez who claimed there would be no deviation from the constitutionally mandated schedule
https://t.co/VW4daRrkjd
Meet and greet. Venezuelan Acting President Delcy Rodríguez hosted Dinorah Figuera today at Miraflores Palace. Figuera represents the defunct opposition-majority 2015 parliament taking part in US-backed talks with the Venezuelan gov't on political, judicial, and electoral reforms
Speaking of the Supreme Court, the National Assembly approved and swore in the committee that will evaluate the candidates for Supreme Court justice posts
https://t.co/NI2CF5stGl
Venezuela is reportedly eyeing a loan from Qatar to clear an existing debt to the Inter-American Development Bank in order to access new credit. Qatar is holding ever bigger stakes in Venezuela
https://t.co/m72USQKnwP
The Venezuelan developments in recent months have been a lot to process. That's why we brought the Venezuelanalysis team together for a podcast episode.
[It's in Spanish with English subs]
https://t.co/x92jbTAuo4
This is one of the areas contemplated by the recent oil deal with the US. The light- and medium-crude producing wells are the ones that offer the best prospects of a quick recovery with limited investment
Reports of a significant crude oil spill in Bachaquero, Zulia State, on the shores of Lake Maracaibo. The spillage is said to come from inactive pipelines and is devastating for local fishing communities
https://t.co/GYBXjUzA71
Partial progress on partial privatization. The Venezuelan parliament advanced the 2nd discussion of a reform to the Organic Law of the Electric System that will open generation, transmission, distribution, and commercialization to the private sector. Final vote expected next week
"Forty years ago, Reagan solemnly addressed the nation about the dangers of drugs, even as he was funding the Contras [...]. And judging from the behavior of the media, it seems that defying the government line might be equally menacing to society."
https://t.co/TmrvIbzlHM
Who pays for Venezuela’s rapprochement with Washington? Koerner and Vaz argue that working-class Venezuelans face the costs of economic submission, while domestic business elites stand to profit from the dismantling of the Bolivarian Revolution’s gains. https://t.co/UFyQD9i7iw
Venezuela: Arts Students Demand ‘Dignified’ Conditions, Authorities Promise Answers
University students have complained about decaying infrastructure, online registration issues, and inadequate transportation.
https://t.co/bCbKCDvHwq
"According to the report, the 18-page agreement gives Washington the right to buy 20% of the oil produced by North American Blue Energy Partners (NABEP) at $30 a barrel, well below recent market prices."
https://t.co/dvypAl7Gbn
Where do official narratives diverge from reality? How are the different political actors handling the new (subordinate) relationship with the US? The VA team sat down to tackle these tough questions in our latest podcast episode
https://t.co/jmVzCaeDU2
Tax Superintendent Roman Maniglia has driven efforts to modernize and automate tax collection, including a digital integration with the banking system to gather information in real time. One goal is to begin collecting taxes from informal retailers
https://t.co/wOC057S7Kx
The Venezuelan gov't announced fiscal measures as it seeks to expand the tax-collecting base. Acting President Rodríguez had previously announced fiscal reforms by the end of the year
https://t.co/XTnbFT6oih
This is very interesting from @theguacamayave: Iran as a precedent for the US-Venezuela oil deal. Plenty of relevant parallels, from colonial plundering via a private company (Anglo-Persian) to military intervention against nascent nationalism
https://t.co/OissEpNZuc