Venezuela

Record Inflation in Venezuela

Venezuela's inflation rate was 3320 percent from January to September this year. The data was announced last night by National Assembly (single chamber parliament) Finance Committee member Alfonso Marquina. 

The country's legislature is controlled by the opposition, TASS reported.

US blacklists oil company in Cyprus

An oil company registered in Cyprus has been blacklisted by US officials who blocked a total of four vessels for transporting Venezuelan oil to Cuba.
According to Reuters, Caroil Transport Marine Ltd was among a number of companies accused of continuing "to circumvent sanctions by receiving oil shipments from Venezuela."

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