The ratio between the US dollar and Venezuelan bolívar registered unofficially by a number of exchange operators soared from 6.95 on Monday to 9.33 on Thursday, forcing the Venezuelan Central Bank (BCV) to take emergency measures.

According to unofficial reports, the Central Bank provided US $300 million in two separate operations. While the parallel rate fell by 8.2 percent on Friday, the official one was steadily devalued during the week, from 6.18 bolívars per dollar on Monday to 7.85 on Friday, a 27 percent difference.

Venezuelan Attorney General Tarek William Saab urged “speculators” to adhere to the figure published by the BCV and promised “exemplary sanctions” against private actors operating with the black market figure. However, retailers could avoid any issues by simply adjusting prices in bolívars.

For his part, President Nicolás Maduro called on the people to “not allow businesses to rob them with the parallel dollar.” He also warned traders to stick to the official exchange rate, reminding them that “it follows the rules of the market” and “has been working well.”

https://venezuelanalysis.com/news/15591

Venezuelan President Nicolás Maduro expressed his solidarity with Cristina Fernández de Kirchner and issued a scathing denunciation of the lawfare campaign against the former Argentine president and current vice-president.

“I want to express my absolute solidarity in the midst of this fierce combat you are waging against the enemies of your country,” wrote Maduro in a letter dated Wednesday.

The letter came shortly after Argentine prosecutor Diego Luciani announced he was seeking 12 years of imprisonment and the political disqualification of public office for life for Fernández de Kirchner over her alleged involvement in a corruption scheme during her time as president (2007-2015).

https://venezuelanalysis.com/news/15592

Venezuelan Attorney General Tarek William Saab has announced a new corruption probe against former oil minister Rafael Ramírez after unveiling another alleged multi-billion dollar scheme in state oil company PDVSA.

On Tuesday, current Oil Minister Tareck El Aissami delivered several documents to the Attorney General’s Office reportedly proving the deviation of US $4.850 billion from PDVSA to two foreign funds between 2012-2013, at the end of Ramírez's tenure in the oil industry.

El Aissami called the newly exposed fraud “the most serious corruption scheme committed against our state oil company.” He likewise accused his predecessor of being "directly responsible for [Venezuela's] oil industry crisis," later aggravated by US sanctions.

https://venezuelanalysis.com/news/15593

Ever since US President James Monroe adumbrated his infamous Doctrine in 1823, claiming the Western Hemisphere as the US’s ‘sphere of influence’, subordinated to US interests, the US has assailed the region’s autonomy, recently with much assistance from Canada. Barring upsets like the Cuban and Nicaraguan revolutions, the US appeared to be winning until the 21st century. However, the “pink tide” inspired by indomitable Cuba, that has since surged has tilted the balance of power against the US and Canada.

Venezuelanalysis co-sponsored this webinar discussing the decline of the Monroe Doctrine. Check it out! 👇

https://venezuelanalysis.com/video/15594

US oil giant Chevron has reportedly applied for a broader license for its Venezuela operations.

With the Venezuelan economy and the oil sector in particular under heavy unilateral sanctions from the US Treasury Department, all activities involving the Caribbean nation require special permission from Washington.

Chevron has a minimal license that runs out in November, allowing the company to perform maintenance on its wells but not drill, process or trade in Venezuelan crude. The company was forced to wind down its operations in 2020.

https://venezuelanalysis.com/news/15595

Venezuelan President Nicolás Maduro condemned the assassination attempt against Argentine Vice-president Cristina Fernández de Kircher and expressed his solidarity with the Argentine people.

Fernández de Kircher was fired upon by an assailant, later identified as 35-year-old Fernando Andres Sabag Montiel, as she returned home Thursday. Police stated that the attacker used an Argentine-made 32-caliber Bersa 380 pistol. Video of the incident showed Sabag raising the gun a very short distance from Fernández de Kircher and pulling the trigger as he aimed at the vice-president.

Maduro, who himself survived an assassination attempt with explosive-laden drones in 2018, expressed concern over the regional implications of the attack against Fernández de Kircher.

https://venezuelanalysis.com/news/15596

"I know that many of these people who don’t tolerate disagreements are noble, smart and committed. They believe in a better country and work for it, but they are frightened to entertain the thought that certain things are happening that have nothing to do with the Bolivarian Process. They are not even willing to discuss which setbacks are forced by the US blockade and which ones are not. We’re losing spaces to debate, to question, and this was always at the heart of Chavismo."

Amidst a deadly US blockade, VA columnist Jessica Dos Santos finds a worrying intolerance for debate and criticism amidst Chavista ranks.

https://venezuelanalysis.com/tales-resistance/15597

Human trafficking is a worldwide phenomenon, but poor racialized women and girls from the Global South are particularly vulnerable. When the crisis began to reach every corner of working-class life in Venezuela, human trafficking networks took root in the territory.

Venezuela has laws in place to combat human trafficking, and the General Attorney’s Office has taken some steps to address the problems, but the situation remains critical.

We talked to Yelena Carpio, Legal Coordinator for Tinta Violeta – a Chavista organization that promotes networks against machista violence – about human trafficking in Venezuela.

https://venezuelanalysis.com/interviews/15598

The Barranquilla Chamber of Commerce suspended the registration of a new board of directors for Monómeros, named by Venezuela’s state-owned Pequiven, after an appeal from acting General Manager Guillermo Rodríguez Laprea.

The move by Rodríguez, who was tapped by the Venezuelan opposition to run the company in January 2021, is the latest chapter in a long running saga over the management of Venezuela’s second-most important foreign asset.

The Colombia-based agrochemical producer came under the control of Venezuela’s hardline opposition in May 2019—alongside a number of other foreign assets—following the recognition of Juan Guaidó as “interim president” by Washington and its allies as part of efforts to oust the Nicolás Maduro government.

https://venezuelanalysis.com/news/15599

Venezuela continues struggling to sustain oil and fuel output following operational disruptions in crude upgraders and blending stations.

According to the latest Organization of Petroleum Exporting Countries (OPEC) report, the Caribbean nation pumped 678,000 barrels per day (bpd) in August, similar to July’s 672,000 bpd, as measured by secondary sources.

In the first half of 2022, Caracas had maintained a steady growth reaching an average of 760,000 bpd. However, frequent mechanical failures as well as power outages and gas disruptions have slowed down operations in recent months.

https://venezuelanalysis.com/news/15601

Miguel Ángel Contreras Naterra teaches sociology at Venezuela’s Central University. His recent books include Insurgent Imaginaries and Postneoliberalism in Latin America (Stanford University Press, 2013) and Crítica de la razón neoliberal (Critique of Neoliberal Reason, Akal, 2015). In this interview, we talk about an ideological constellation – made up of neoliberalism, post-neoliberalism, and post-liberalism – that has had a huge impact on the continent.

https://venezuelanalysis.com/interviews/15600

🎙️🇻🇪🇨🇴 New podcast episode! We analyze the new horizon for the Venezuela-Colombia relationship as the two countries prepare to reopen their shared border on Sept 26 in an effort to turn back the clock on years of strained relations.

Get early access here: http://patreon.com/posts/72157787

Venezuelanalysis' Ricardo Vaz talked about the current political context in Venezuela to solidarity activists in London.

The Hands Off Venezuela campaign hosted Venezuelanalysis writer and editor Ricardo Vaz to talk about "Challenges and Threats to the Bolivarian Revolution."

https://www.facebook.com/watch/?v=870285770622516

United Nations (UN) Special Rapporteur Alena Douhan warned that US sanctions continue violating the Venezuelan people’s right to health.

In a statement released on Monday, Douhan explained that sanctions have blocked the Caribbean country from importing spare parts to repair electron microscopes, vital for detecting diseases, finding treatments and advanced medical research.

She called on the US government to lift sanctions against Caracas or at least grant export licenses for medical supplies as soon as possible.

https://venezuelanalysis.com/news/15604

After years of mismanagement under opposition control and months of uncertainty, the Venezuelan government officially took over agrochemical company Monómeros on Monday.

The Colombia-based agrochemical producer came under the control of Venezuela’s hardline opposition in May 2019—alongside a number of other foreign assets—following the recognition of Juan Guaidó as “interim president” by Washington and its allies as part of efforts to oust the Nicolás Maduro government.

The loss of control over Monómeros is seen as yet another setback for the hardline Venezuelan opposition led by Juan Guaidó. In addition to its mismanagement, the company was hurt by political infighting among various anti-government groups.

https://venezuelanalysis.com/news/15606

Despite Venezuela’s constitution being progressive in many senses, abortion remains illegal in the country. However, the past few years have seen the emergence of Ruta Verde [Green Route], a robust feminist coalition organized to promote the decriminalization of abortion. The Ruta Verde is currently promoting a new law that it believes would take the first steps toward legalizing abortion. We talk to Laura Cano, a young feminist militant who is part of both Ruta Verde and Tinta Violeta – an organization that combats machista violence – about the current status of abortion in Venezuela and the struggle to legalize it.

https://venezuelanalysis.com/interviews/15605

Venezuelan human rights group SURES has called into question a recent report by the Independent International Fact-Finding Mission on the Bolivarian Republic of Venezuela.

On September 20, the team of Marta Valiñas (Portugal), Francisco Cox (Chile) and Patricia Tappatá (Argentina) published a report accusing the Venezuelan state of committing crimes against humanity, including arbitrary arrests and torture, and claiming that President Nicolás Maduro and other high-ranking officials are directly involved.

The Venezuelan human rights organization classed the investigation’s methodology as “unreliable.” Valiñas, Cox and Tappatá never visited Venezuela and relied on 246 anonymous interviews, which make claims impossible to independently verify according to SURES.

“The report is inconsistent with the principles of independence, impartiality, objectivity, integrity and transparency,” the collective concluded.

https://venezuelanalysis.com/news/15607

Venezuelans and Colombians flocked to the Simón Bolívar international bridge Monday to celebrate the reopening of the international border following the restoration of diplomatic and economic relations between Caracas and Bogotá.

Prior to the official opening, Venezuelan President Nicolás Maduro called it a “historic and transcendental” day.

Colombian President Gustavo Petro, who has worked to improve bilateral relations with Venezuela after taking office in August, personally traveled to the border region to take part in the ceremonies.

“This is a symbol of unity, [the border] should never be closed,” said Petro as we walked along the Simón Bolívar international bridge, the locale chosen for the ceremonial event

https://venezuelanalysis.com/news/15608

VA columnist Reinaldo Iturriza examines discoursive SM trends in Venezuela with a Benjaminian turn:

In principle, the phrase “Venezuela is fixed” is a denial of “normalization.” In some cases one can even identify the intention of questioning the deeply regressive character of the policies aimed at controlling hyperinflation and “stabilizing” the economy, but this is not often the case. Generally emptied of true critical nuances, the phrase tends to be associated with a massive renunciation from the attempt to understand what is actually happening.

In any case, this cynical attitude is largely the result of confusing times during which it is increasingly difficult to maintain the idea that the two antagonistic projects are still in dispute. Programmatic boundaries have become blurred. In the twilight of the Bolivarian Revolution, everything is gray on gray.

https://venezuelanalysis.com/politics-commons/15609

With a colorful display of cultural performances, music and dancing, women’s rights groups joined by a number of allied grassroots collectives marched across Caracas’ main avenues all the way to the National Assembly (AN), where they introduced a document demanding the abolition of the country’s over 100-year old penal code that criminalizes abortion.

The September 28 march also promoted a legislative proposal that guarantees comprehensive sexual and reproductive rights for women, teenagers and the LGBTIQA+ community, including non-binary people.

https://venezuelanalysis.com/news/15610

Venezuela has suffered another reversal in its legal fight to overturn a multi-billion award to US oil giant ConocoPhillips.

On September 27, David Malpass, chairman of the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID), rejected a motion to disqualify two members of an ad hoc committee that will evaluate the Caribbean nation’s demand to annul the original ruling in favor of ConocoPhillips.

Following years of litigation, ConocoPhillips secured a US $8.7 billion compensation award in March 2019 for the Venezuelan nationalization of three oil projects by the former Hugo Chávez government in 2007. The ventures were an offshore oil field, Corocoro, and heavy crude upgraders Hamaca and Petrozuata.

https://venezuelanalysis.com/news/15611