A cash-strapped Venezuela leans on scrap exports to raise hard currency

On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap metal, part of the government’s attempt to turn waste into a source of foreign currency. The gathering and sale of scrap has been booming due to the financial needs of President Nicolas Maduro’s … Read more

Venezuela frees at least 2 Americans after talks with US – sources

(1st UPDATE) There is no immediate word on the whereabouts of the released, though they are expected to be flown out of Venezuela to the United States without delay Venezuela released at least two jailed US citizens on Tuesday, March 8, people familiar with the matter said, in an apparent goodwill gesture toward the Biden … Read more

US, Venezuela discuss easing of sanctions, make little progress – sources

US and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies. Both sides used the meeting in Caracas on … Read more