While Washington was arguing over the viability of President Trump’s proposal to annex Greenland, Venezuelan dictator Nicolás Maduro held a sham inauguration in Caracas for his third term in power and threatened to invade Puerto Rico.

Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President Nicolás Maduro is benefiting from the US company’s oil production in spite of sanctions.

Maduro took office last week for a third consecutive term. Now, he’s consolidating his position as dictator Nicolás Maduro has now been in power in Venezuela since 2013 – gradually usurping power over the past twelve years until becoming a full dictator.

President Nicolás Maduro of Venezuela aimed for a democratic election amid US economic sanctions, offering Chevron a permit to export Venezuelan oil. Despite an unfair election and criticism, oil revenues have bolstered Venezuela's economy.

However, their simplistic argument does not withstand scrutiny. Evidence shows that U.S. sanctions significantly contributed to Venezuela’s economic implosion, while the easing of sanctions in recent years has been associated with a moderate economic recovery that has helped alleviate the worst of the country’s economic crisis.

In 2022, the White House granted Venezuela a financial lifeline “to support the restoration of democracy” after President Nicolás Maduro promised to work toward an open presidential election, granting U.

The message seemed designed to reach Washington as one administration prepares to hand the baton to the next: If the United States keeps messing with Venezuela, then Caracas will retaliate by “liberating” the US territory of Puerto Rico,

Chevron Corp. presentó declaraciones de impuestos por valor de unos US$300 millones al gobierno venezolano el año pasado, lo que plantea interrogantes sobre cuánto se está beneficiando el presidente Nicolás Maduro de la producción petrolera de la compañía estadounidense a pesar de las sanciones.

Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.Most Read from BloombergThese Homes Withstood the LA Fires.

The Biden administration's shift to a more pragmatic and strategic approach to Venezuela's opposition has allowed for the recognition of opposition leaders and the imposition of sanctions on Maduro's inner circle,

While Washington was arguing over the viability of President Trump’s proposal to annex Greenland, Venezuelan dictator Nicolás Maduro held a sham inauguration in Caracas for his third term in power and threatened to invade Puerto Rico.

However, their simplistic argument does not withstand scrutiny. Evidence shows that U.S. sanctions significantly contributed to Venezuela’s economic implosion, while the easing of sanctions in recent years has been associated with a moderate economic recovery that has helped alleviate the worst of the country’s economic crisis.