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VENEZUELA began a complete restructuring of its foreign debt yesterday in response to US financial sanctions.
In a televised address on Thursday night alongside Vice-President Tareck El Aissami, Mr Maduro announced the refinancing of all foreign debt payments as part of “the struggle against the blockade and financial persecution.”
He said state oil company PDVSA would make a $1.12 billion interest payment on bonds to the JP Morgan bank yesterday, out of an existing debt estimated at $120bn.
ADRIAN WEIR charts the intercontinental trade union solidarity with Cuba and its desperate predicament
International solidarity can ensure that Trump and his machine cannot prevail without a level of political and economic cost that he will not want to pay, argues CLAUDIA WEBBE
The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE
US baseless accusations of drug trafficking and the outrageous putting of a bounty on a president of a sovereign country do not bode well, reports PABLO MERIGUET