Venezuelan Daily Brief

Published in association with The DVA Group and The Selinger Group, the Venezuelan Daily Brief provides bi-weekly summaries of key news items affecting bulk commodities and the general business environment in Venezuela.

Thursday, May 16, 2019

May 16, 2019

Logistics & Transport

US suspends all passenger, cargo flights to Venezuela

The Trump administration suspended all commercial passenger and cargo flights to Venezuela on Wednesday considering worsening safety conditions, recent social unrest and political turmoil engulfing this nation. Acting Homeland Security Secretary Kevin McAleenan determined that “conditions in Venezuela threaten the safety and security of passengers, aircraft, and crew," according to a DHS statement. Secretary of State Mike Pompeo approved the suspension and Transportation Secretary Elaine Chao implemented it. “This determination is based on the ongoing political instability and increased tensions in Venezuela and associated inadvertent risk to flight operations,” the statement said. The Department of Homeland Security said the suspension will remain in effect until conditions in Venezuela improve. Maduro criticized the suspension of flights, saying the measure was an attack on freedom of movement. (FOX News: https://www.foxnews.com/politics/us-suspends-all-passenger-cargo-flights-to-venezuela; Reuters, https://www.reuters.com/article/us-venezuela-politics-usa-airlines/u-s-orders-suspension-of-flights-between-the-u-s-and-venezuela-idUSKCN1SL2F2)

 
Oil & Energy

Putin could cut his loss as Venezuelan oil output nosedives

Venezuela’s oil production held up last month but appears to be falling off a cliff once again. The situation became dire this week. Venezuela’s Orinoco Belt saw production plunge by 77% on Tuesday, falling from 764,100 bpd at the start of April to just 169,800 bpd on Tuesday, according to S&P Global Platts. The reason? There were a lack of tankers available to take away exports. Storage is filling up and ports are having trouble getting product out to sea. S&P said that production of Orinoco blend crude was shut down at three upgraders, which included PETROPIAR (a joint venture between PDVSA and CHEVRON), PETROMONAGAS (with ROSNEFT) and PETROCEDENO (with TOTAL and EQUINOR). Meanwhile, PDVSA’s Petro San Felix is also out of commission. Without upgraders or tankers, production must decline. TOTAL, EQUINOR and PDVSA shut down output at their extra-heavy oil project in the Junin field in the Orinoco Belt, according to S&P. One field operator told S&P that an “optimistic scenario” would entail Venezuelan oil production at only 400,000 to 500,000 bpd. In other words, Venezuela’s oil production, already down sharply, is in freefall. Punitive action from the Trump administration is largely to blame for the deepening crisis. The plunge in production could be a fatal blow the Maduro government, which has held on to date despite an aggressive regime change campaign undertaken by Washington. Unless production rebounds, the pressure on Maduro will continue to mount. Russia’s Vladimir Putin was thought to go to great lengths to prop up Maduro, maintaining an ally while also keeping alive a thorn in Washington’s side. But Putin reportedly told President Trump on a phone call recently that he was prepared to withdraw support for Maduro. The price? The U.S. would need to withdraw military assistance to Ukraine. None of this has been made public, so time will tell if The Telegraph’s report pans out. But if true, it’s hard to imagine Maduro will be able to hang on with oil production in a nosedive and his key sponsor making moves to sell him out. (Oil Price: https://oilprice.com/Energy/Crude-Oil/Putin-Could-Cut-His-Loss-As-Venezuelan-Oil-Output-Nosedives.html)

 

Venezuela's crude upgraders scale back output as exports dwindle

Venezuela’s crucial oil upgraders have stopped processing heavy crude because a decline in exports due to U.S. sanctions has left the nation without enough storage space, seven sources familiar with the facilities told Reuters. Three of the four upgraders, which convert extra-heavy Orinoco oil into lighter exportable grades, have started “recirculating” - a process that keeps systems running to prevent damage but does not yield new upgraded oil. The shift signals that state oil company PDVSA is struggling to maintain operations after U.S. sanctions this year eliminated its main customer by restricting sales to U.S. refiners. “The upgraders are recirculating because there is an excess of production, and there are no buyers,” one PDVSA source said. (Reuters, https://www.reuters.com/article/us-venezuela-oil/venezuelas-crude-upgraders-scale-back-output-as-exports-dwindle-sources-idUSKCN1SL22U)

 

Rising U.S. oil output helps fill gap left by Iran, Venezuela: IEA

The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday. The IEA, which coordinates the energy policies of industrial nations, said Washington’s decision to end sanctions waivers that had allowed some importers to continue to continue buying Iranian crude added to the “confusing supply outlook.” “However, there have been clear and, in the IEA’s view, very welcome signals from other producers that they will step in to replace Iran’s barrels, albeit gradually in response to requests from customers,” the Paris-based IEA said in its monthly report. (Reuters, https://www.reuters.com/article/us-iea-oil/rising-u-s-oil-output-helps-fill-gap-left-by-iran-venezuela-iea-idUSKCN1SL0TG)

 

Venezuelan oil tanker captain refused to ship gasoline to Cuba

The captain of the Manuela Saenz, a Venezuelan oil tanker, fought back against orders to send a shipment of unleaded and diesel gasoline to Cuba last week, prompting dictator Nicolás Maduro’s political police forces to stop the ship and replace him, according to a report in Argentine news outlet INFOBAE on Tuesday. The anecdote, allegedly relayed to INFOBAE by unspecified sources, suggests that Maduro may be losing control of the workers that run Petróleos de Venezuela (PDVSA), the state-run oil company and one of Maduro’s last remaining lifelines. INFOBAE reports that the Manuela Saenz left Venezuela with its gasoline shipment on May 1 without incident, “but during the voyage, it disconnected its satellite systems to avoid being detected.” To get to Cuba, the ship would have to pass through the waters of Caribbean nations that abide by U.S. sanctions against the Maduro regime and thus risk being seized. While the ship was off the grid, INFOBAE claims, its captain – who remains unnamed in the article – and some of the crew refused to travel to Cuba. Members of the Bolivarian Intelligence Service (SEBIN), the political police Maduro deploys to imprison, torture, and kill dissidents, then stepped in to “intimidate and pressure the crew” into completing the trip. The agents reportedly removed the captain and replaced him with a compliant navigator, who then completed the trip to Havana. The whereabouts of the captain who defied Maduro remain unknown. Satellite images place the Manuela Saenz in Havana, Cuba. Diario de Cuba, a Spain-based publication, revealed evidence last week that Venezuela sent two other ships to Cuba to send oil despite the sanctions, identifying them as the E Pioneer and the Marigola. (Breitbart: https://www.breitbart.com/latin-america/2019/05/15/report-venezuelan-oil-tanker-captain-refused-to-ship-gasoline-to-cuba/)

 

Economy & Finance

U.S. resists Guaidó's request to shield Venezuela from creditors

The U.S. is unlikely to grant a request from the Venezuelan opposition for an executive order protecting the nation’s assets from creditors, according to people familiar with the matter. That means National Assembly President Juan Guaidó, who’s recognized as head of state by the U.S. and more than 50 countries, will need to make a critical bond payment by the end of this month to ensure that investors don’t try to seize Citgo. The Houston-based refining company, owned by state-run Petroleos de Venezuela, was put up as collateral on the note. (BLOOMBERG: https://www.bloomberg.com/news/articles/2019-05-14/u-s-resists-Guaidó-s-request-to-shield-venezuela-from-creditors)

 

Study finds Venezuela criminal enterprise is blunting effects of U.S. sanctions

Venezuela’s foreign policy might have started out as an idealistic socialist project to revitalize Latin America, but it has morphed into an enormous criminal conglomerate that operates in multiple countries with dozens of partners and hundreds of phantom companies, according to a new study. A report prepared by the National Defense University and Washington-based IBI Consultants argues that Venezuela’s Nicolás Maduro essentially leads a political-criminal enterprise that has siphoned billions of dollars from the Venezuelan economy. The study, titled,” also sheds light on why escalating U.S Maduro’s last stand — Venezuela’s survival through the Bolivarian joint criminal enterprise. Economic and financial sanctions on Maduro and his allies have failed to dislodge them. The report’s authors argue that the network unites companies, regional structures and Venezuelan political allies in a variety of criminal operations ranging from corruption, money laundering, drug trafficking and gold smuggling. According to IBI’s calculations this criminal “network of networks” racked up between US$ 10 and US$ 43 billion in revenue between 2007 and 2018, most of which was spirited out of Venezuela through various money-laundering schemes, often with the help of the political leadership in places like Cuba, Nicaragua, Bolivia, Ecuador, Suriname and El Salvador. The study, written by Douglas Farah and Caitlyn Yates, is the result of a five-year investigation in 11 countries. According to the authors, the criminal conglomerate not only stole billions of dollars from the coffers of the Venezuelan state but used PDVSA and its foreign subsidiaries as the central structure for money laundering and corruption throughout Latin America. Among the activities identified were massive infrastructure projects that never materialized, fictitious oil sales, sweetheart and opaque loans and the purchase of physical assets. In a telephone interview, Farah said the sprawling nature of the organization means U.S. sanctions also must be broad and widespread in order to make an impact. One of the key conclusions of the report is that the Venezuelan regime for years used the corruption derived from the huge oil revenues to favor its political allies in other countries, including Nicaragua and El Salvador. (The Miami Herald: https://www.miamiherald.com/news/nation-world/world/americas/venezuela/article230420019.html)

 

Politics and International Affairs

Maduro regime representatives, opposition travel to Norway in hopes of resolving crisis

Representatives of the Maduro regime and opposition traveled to Norway for talks on resolving the crisis here, officials said Wednesday, opening a new chapter in a political stalemate after months of street demonstrations and a failed opposition call for a military uprising. The development appeared to reflect a recognition that neither side had been able to prevail in the struggle for power, leaving Venezuela in a state of paralysis after years of hyperinflation and shortages of food and medicine. It was also a policy reversal for the opposition, which has accused Nicolás Maduro of using previous negotiations to play for time. Senior members of both sides will be involved in the exploratory discussions in Oslo, said members of Venezuela’s opposition-controlled congress who spoke on condition of anonymity because of the sensitivity of the talks. Delegations from the two opposing camps had received separate invitations from a group of Norwegians, one official said. Information Minister Jorge Rodriguez and Miranda state Governor Hector Rodriguez of the Socialist Party both traveled to Oslo, according to the sources. Opposition legislator Stalin Gonzalez, along with political advisers Gerardo Blyde and Fernando Martinez have also gone to Norway, where authorities have been involved in conflict mediation, including assistance with Colombia’s 2016 peace deal between the government and FARC rebels. No meetings have yet been held, and the parties will meet separately with Norwegian diplomats, one of the sources said. Maduro did not directly comment on the talks during televised remarks, but he said Rodríguez was on a “very important” mission outside Venezuela. The planned talks seemed likely to dampen speculation that the United States, the main backer of the Venezuelan opposition, might be considering military action to end the crisis in the near term. U.S. officials have previously said they are focusing on diplomatic and economic measures to force out Maduro, though opposition leader Juan Guaidó said his Washington envoy will meet with the head of the U.S. Southern Command on Monday. The Norway dialogue comes as a mostly European group of nations prepares to send a high-level delegation to Venezuela to propose solutions to the country’s protracted crisis. The International Contact Group consists of eight European countries, the European Union and four Latin American countries. (Market Watch: https://www.marketwatch.com/story/venezuelas-government-opposition-travel-to-norway-in-hopes-of-resolving-crisis-2019-05-15; AP: https://www.apnews.com/a2776110b08649dba0725aadb0b53575; Reuters: https://www.reuters.com/article/us-venezuela-politics-norway/venezuela-opposition-government-leaders-travel-to-norway-for-possible-talks-idUSKCN1SL2WI; DW: https://www.dw.com/en/venezuela-envoys-head-for-talks-in-norway-as-us-halts-flights/a-48756071)

 

EU mission heads to Venezuela to meet dueling political factions

Representatives from a European Union initiative to resolve Venezuela’s simmering crisis are set to arrive in Caracas for meetings with the nation’s warring factions, according to National Assembly Vice President Stalin Gonzalez. A mission from the International Contact Group, comprising eight EU member states and four Latin American countries, will present proposals to members of President Nicolas Maduro’s autocratic regime and the opposition Thursday and Friday. The plans to end the nation’s bitter impasse haven’t been made public, but the ICG said in a statement this month that they contained “concrete options for a peaceful and democratic solution.” (BLOOMBERG: https://www.bloomberg.com/news/articles/2019-05-15/eu-mission-heads-to-venezuela-to-meet-dueling-political-factions)

 

Opposition-led congress in Venezuela returns to chambers

Venezuela’s opposition-controlled congress has returned to its chambers a day after security forces prevented its members from entering the National Assembly building for a debate. Opposition leader Juan Guaidó and other legislators on Wednesday gave speeches denouncing the regime of Nicolás Maduro, who has accused them of conspiring with the United States to stage a coup. On Tuesday, police sealed off the National Assembly, purportedly to search for any hidden explosives. EFE saw the National Guard contingent establish a security perimeter around the Federal Palace and prevent anyone – including assembly members – from approaching the building. Lawmakers ultimately decided to postpone the session until Wednesday. Interim president Juan Guaidó had said that the legislature would hold sessions on the street if necessary: “We will hold sessions, we will insist on reaching the Federal Palace (the seat of the assembly) and if we have to hold sessions ... on the street, we’ll do it, but the Federal Palace belongs to the parliament, to the people of Venezuela, and we will not renounce it,” he told a press conference. (AP: https://wtop.com/latin-america/2019/05/opposition-led-congress-in-venezuela-returns-to-chambers/;  BBC News: https://www.bbc.com/news/world-latin-america-48276140; Latin American Herald Tribune, http://www.laht.com/article.asp?ArticleId=2478621&CategoryId=10717; http://www.laht.com/article.asp?ArticleId=2478628&CategoryId=10717)

 

Maduro regime strips immunity from five more opposition lawmakers

Venezuela’s socialist regime widened its crackdown on opponents who allegedly backed last month’s failed attempt to topple Nicolas Maduro, stripping five more lawmakers of their immunity from prosecution. The congressmen are among about a dozen key allies of Juan Guaidó, the head of the powerless National Assembly who says he is the nation’s rightful president, being probed for crimes including treason and conspiracy. Last week, intelligence police arrested Edgar Zambrano, the assembly’s vice president, sending many prominent politicians who supported Guaidó’s April 30 call for insurrection into hiding, exile or to foreign embassies seeking asylum. (Bloomberg, https://www.bloomberg.com/news/articles/2019-05-15/maduro-regime-strips-immunity-from-5-more-opposition-lawmakers; Reuters, https://www.reuters.com/article/us-venezuela-politics/venezuelas-top-court-accuses-more-lawmakers-of-treason-congress-building-closed-idUSKCN1SK288)

 

EU condemns Venezuela's 'flawed' court case against opposition lawmakers

The European Union condemned what it called Venezuela’s “flawed judicial decisions” against four opposition lawmakers on Wednesday, saying it would lead to an escalation of the political crisis in the country. Accusations of treason against Carlos Paparoni, Miguel Pizarro, Franco Casella and Winston Flores “are part of a pattern of blatant violations of due process and unfair legal proceedings,” the EU’s foreign service said in a statement. “Such measures only contribute to further polarization of the situation in the country,” it added. (Reuters, https://www.reuters.com/article/us-venezuela-politics-eu/eu-condemns-venezuelas-flawed-court-case-against-opposition-lawmakers-idUSKCN1SL2DX)

 

Chavista legislator sides with Guaidó

The opposition-controlled National Assembly legislative is back in business Wednesday after the kidnapping of its first Vice President, the temporary occupation of the building by the military Tuesday and harassment against 96 of its 112 opposition lawmakers. And the opposition is gaining support. National Assembly President Juan Guaidó, who on January 23rd claimed the mantle of interim President of Venezuela, swore Fernando Orozco in as lawmaker for Trujillo state. “The regime is finished. That’s why they are lost. And that’s why they are losing. They are defeated. Now is our turn to win!” a clearly emboldened Guaidó said after swearing Orozco in, the first bit of good news for the opposition in a long while. Fernando Orozco was elected as a candidate as third alternate for Trujillo state on the PSUV ruling party ticket of embattled leader Nicolas Maduro. The PSUV party was founded by Hugo Chavez, Maduro’s mentor and predecessor. (Latin American Herald Tribune, http://www.laht.com/article.asp?ArticleId=2478633&CategoryId=10717)

 

Guaidó tells Canada PM he wants elections as soon as possible: Ottawa

Venezuelan interim president leader Juan Guaidó spoke to Canadian Prime Minister Justin Trudeau on Tuesday and told him he was committed to holding free and fair elections as soon as possible, Trudeau’s office said in a statement. “Guaidó conveyed his commitment to holding free and fair elections as soon as possible, in line with the Venezuelan Constitution, and thanked the Prime Minister for Canada’s role in helping lead the international response to the crisis in Venezuela,” it said. (Reuters, https://www.reuters.com/article/us-venezuela-politics-canada/venezuelas-Guaidó-tells-canada-pm-he-wants-elections-as-soon-as-possible-ottawa-idUSKCN1SK2N9)

 

Canada’s Freeland to visit Havana as tensions rise over Venezuela

Canadian Foreign Affairs Minister Chrystia Freeland will travel to Cuba today to meet with Communist leaders in Havana as the situation in Venezuela worsens and U.S. President Donald Trump adopts a far more aggressive posture toward the Caribbean island nation. In a press release sent to the parliamentary press gallery, Freeland's office said she will meet with her Cuban counterpart, Foreign Affairs Minister Bruno Eduardo Rodríguez Parrilla, to discuss Venezuela and the increasingly fraught U.S.-Cuba relationship. President Trump has taken a markedly different stance on Cuba than his immediate predecessor, Barack Obama, who sought to improve relations with the country after decades of Cold War-era tensions. Instead, Trump has enforced a long-dormant part of the U.S. trade embargo against that country, known as Title III of the Helms-Burton Act. This move could spell trouble for major Canadian companies that operate in Cuba, including the Montreal-based National Bank of Canada, which operates a branch in Havana focused on trade financing, and Toronto-based resource company SHERRITT International. Canada's airlines, which ferry tens of thousands of Canadians to Cuban resorts each year, also could face legal challenges, according to the U.S.-Cuba Trade and Economic Council Inc., a group that tracks investments in Cuba. "It is of critical importance that our two countries meet to discuss the economic, political and humanitarian crisis in Venezuela and the work we can undertake together to address it," Freeland said in a statement. "I also look forward to discussing how we can work together to defend Canadians conducting legitimate trade and investment in Cuba in light of the United States ending the suspension of Title III of the Helms-Burton Act." Canada is part of the Lima Group of countries that opposes Maduro's presidency and has recognized opposition leader Juan Guaidó as the country's legitimate leader. (CBC: https://www.cbc.ca/news/politics/freeland-visit-havana-cuba-trump-1.5137413)

 

Russia denies sending mercenaries to protect Nicolas Maduro amid power struggle

The Russian government has denied that it has sent mercenaries to protect Nicolas Maduro. Reports emerged earlier this week that dozens or hundreds of Russian mercenaries, who have been active in Ukraine and Syria, had been sent to protect Maduro from a possible coup attempt. The move would suggest that Russia was willing to raise the stakes to protect its investment in its closest ally in the western hemisphere. On a political news show on Sunday, Kremlin spokesman Dmitry Peskov denied that Russia had sent military personnel to the country. He did not make a direct denial, however, because private military contractors do not work for the government. Vladimir Davydov, the academic director at the Institute of Latin America at the Russian Academy of Sciences, said that Russia views Venezuela as its beachhead in Latin America and that the country’s large oil reserves made it a top priority for Russia. “What role will Russia play in the control of strategic resources? That is what is being decided in Venezuela,” Davydov said. The man leading the charge has been Igor Sechin, the former military translator who now heads the Russian oil firm ROSNEFT. A fluent Spanish speaker, Sechin has met with Maduro regularly and has increased the Rosneft’s investment in Venezuelan oil production and its state-owned producer. “[Sechin] knows Latin America quite well, he is very influential,” said Davydov. “He wants to maintain ROSNEFT’s position in Venezuela and there are different ways to do that.” For now, Davydov and his colleagues said they did not expect Russia to involve itself militarily in the Venezuelan crisis, even in the event of American-backed intervention. It would primarily seek a role as an intermediary, they said, to project Russian power and to protect its investment. Even in the case of a transfer of power, Russia may not stand to lose everything. “We didn’t conclude deals with [Hugo] Chavez or Maduro, we concluded deals with the parliament of Venezuela,” said David Rozental, a researcher at the Institute, during a radio broadcast last week. “In this sense, I don’t think that there’s a serious threat to Russian assets.” (South China Morning Post: https://www.scmp.com/news/world/americas/article/2183898/russia-denies-sending-mercenaries-protect-venezuela-president)

 

Brazil sees Venezuelan military deciding Maduro's fate

Venezuela’s armed forces will either depose Nicolas Maduro and lead a transition to democratic rule or face divisions that risk a civil war, the Brazilian government’s top security adviser said on Tuesday. Retired General Augusto Heleno, national security adviser to President Jair Bolsonaro, told Reuters the situation in Venezuela was unpredictable after opposition leader Juan Guaidó unsuccessfully called on the military to change sides last month.


 

Maduro regime tried to talk to US authorities about Washington Embassy issue

Maduro regime officials have tried to contact US authorities to resolve the issue surrounding the occupation and possible takeover of the Venezuelan embassy in Washington, Maduro´s envoy to the UN Samuel Moncada said during a press conference. US activists have been living inside the Venezuelan embassy since late April to prevent the opposition from taking over. On Monday night, the US Secret Service broke into Venezuela’s embassy. Opposition leader Juan Guaidó’s representative, Carlos Vecchio, said in a statement that the Secret Service agents have ordered the activists to leave the embassy or face imprisonment and prosecution. However, at least four Embassy Protection Collective activists remained in the embassy despite the warnings. In Washington, the Rev. Jesse Jackson delivered food to American activists who have been occupying the Venezuelan Embassy the past five weeks. The activists, who have ignored trespassing warnings, consider Maduro to be Venezuela’s rightful leader. The U.S. and other countries backing the opposition contend his presidency is illegitimate and recognize Guaidó’s claim to be interim president. (Sputnik: https://sputniknews.com/latam/201905161075044550-venezuela-tried-talk-washington-dc-embassy/)

 

Maduro’s 'colectivos' strike terror while trying to win support of Venezuela's most vulnerable

The notion of masked men on no-license-plate motorcycles shooting down citizens to rob them for their bread, emptying magazines of bullets into crowds of anti-government protesters or lurking at the door with threats for an outspoken journalist has become commonplace in Venezuela. These groups are known as the collectives - or “colectivos” in Spanish - and function as carry out the dirty work for Nicolas Maduro. But aside from aiding Maduro to stay in power in the face of growing opposition and international condemnation, many of the groups are also intent of waging their own campaigns to win back – or sustain – the support of Venezuela’s most vulnerable. Disguised by masks and dark clothing, their identities not known, colectivos publicly reprimand accusations of violence. The colectivos themselves are divided up into groups with different powers and functions. “They are criminals, hardcore Chavistas on the frontlines as the armed defense of Maduro’s regime. The most powerful Colectivos are known as the Carapaicas, Tupamaros, La Piedrita, Alexis Vive, and the Gran Polo Patriotico,” said Johan Obdola, president of Latin America-focused global intelligence and security firm IOSI and former Venezuelan counter-narcotics official. “Their biggest numbers are in the main cities of Venezuela – Caracas, Valencia, Maracay, and Maracaibo.” According to Obdola, they initially received training from Colombian rebel group FARC, then eventually the Venezuelan Army and National Guard, but more recently the Cuban military. While hard data is impossible to obtain, some analysts estimate that the colectivos maintain control of as much as 30% of Venezuela’s towns and cities and endeavor to augment that at any outlay. The exact number of members too is murky, yet analysts estimate there could be anywhere from 10,000 to 100,000 of these irregular gang members operating with impunity throughout the impoverished country. And it’s not all about crime, drug trafficking, methodical abductions, and stealing. Many of the colectivos, sources on the ground tell Fox News, continue to operate something of a “heart and minds” game to try and win over the support of the most vulnerable. Such pro-Maduro outfits are quietly permitted by the government to be involved in, and sometimes participate in the delivery of the infamous CLAP food aid boxes distributed under the socialism umbrella, Martina noted. Indeed, for many, they are simply a staple of order in an ever-fragmenting society. For Maduro, who the U.S. and other countries mandate is no longer a legitimate official, they are something of a lifeline. “I admire them. They are organizations created for the good of the community. The collectives work for society, for the sick, for peace, and against crime,” Maduro declared last week, just hours after members opened fire on rallying anti-government Venezuelans. (FOX News: https://www.foxnews.com/world/maduro-colectivo-terror-venezuela-vulnerable)

 

The following brief is a synthesis of the news as reported by a variety of media sources. As such, the views and opinions expressed do not necessarily reflect those of Duarte Vivas & Asociados and The Selinger Group.

 

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