Maduro Claims Venezuela’s Certified Oil Reserves Increased by 30%—What Do We Know?
In his weekly program Con Maduro +, the Venezuelan president claimed that the country’s certified oil reserves have increased by 30%.
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St. Petersburg Hosts SPIEF 2025 with a Focus on International Cooperation, Innovation, and Economic Challenges
On Wednesday, the 28th edition of the St. Petersburg International Economic Forum (SPIEF) kicked off, bringing together over 20,000 delegates from 140 countries, including Venezuela, Brazil, Mexico, and Cuba. In a world marked by conflicts, sanctions, and shifting alliances, the forum has reaffirmed itself as a vital platform for Russia to pursue international cooperation, offer an economic alternative, and strengthen strategic ties with partners in the Global South to break Western efforts to isolate it. SPIEF is often described as the “Russian Davos,” that is, the Russian counterpart to the World Economic Forum held annually in Davos, Switzerland.
Cavecom-e Warns That Charging for Products Priced in Dollars at the Euro Exchange Rate Is Illegal
The Chamber reiterated that it continues working towards a solid and transparent digital economy, in which exchange regulations are respected….
Bloomberg: U.S. Plans to Terminate License for Monómeros
The U.S. Treasury Department does not plan to renew the license that allows Monómeros to conduct financial transactions despite sanctions.
Venezuelan Companies Inaugurate the “Made in Venezuela” Expo-Fair in Istanbul
The Venezuelan government activated the “Made in Venezuela” plan as the central axis of its economic diversification policy, seeking to…
What Does OPEC’s Monthly Report Say About Venezuelan Oil in May?
The monthly report from the Organization of the Petroleum Exporting Countries (OPEC) records stable oil production for Venezuela in May.
Venezuela and Turkey Strengthen Economic Ties with Creation of Cavetur and Bet on Special Economic Zones
This week, a significant event took place where the first board of directors of the Venezuelan-Turkish Economic Integration Chamber (Cavetur) was sworn in. This new body aims to boost trade between Venezuela and Turkey. The goal is clear: reach $3 billion in trade exchange within the next three years, focusing on investments, tourism, and Special Economic Zones.
Iran and Venezuela close to signing free trade agreement
Iran and Venezuela are approaching the finalization of a trade agreement that will eliminate tariffs on raw materials and other goods between the two nations.
Venezuela Was Included in EU’s High-Risk Money Laundering List
The European Commission, the executive branch of the bloc, announced that the decision was made following a “thorough evaluation” and…
Caracas Stock Exchange and UNDP to Create Financial Sustainability Index
The Caracas Stock Exchange and the United Nations Development Programme (UNDP) will create Venezuela’s first Financial Sustainability Index.