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Venezuelan opposition

What’s At Stake With Maduro’s Inauguration In Venezuela

January 10 is a crucial day for Venezuela: the inauguration of Nicolás Maduro as President, after having been re-elected with 52% of the votes on July 28. This act not only marks the continuity of the Bolivarian Revolution, but also reflects the commitment of the Venezuelan people to the construction of a socialist model and in resistance to the aggression of US imperialism and the oligarchic elites. The Venezuelan reactionary sectors, supported by the US and its allies, have tried to destabilize the country on multiple occasions and once again now, with the defeated candidate Edmundo González self-proclaiming himself the winner and declaring that he will take office as president on the 10th.

Venezuela Edges Closer To Losing CITGO As Corporations Submit Offers

The second and final round of bidding in a court-mandated auction of Venezuela’s US-based oil subsidiary CITGO has concluded. Several corporations submitted binding offers by a June 11 deadline as part of a process organized by a Delaware District Court to satisfy a number of claims against the Caribbean nation totaling US USD 21.3 billion. In October 2022, Judge Leonard P. Stark set in motion the sale of shares belonging to PDV Holding (PDVH), CITGO’s parent company. The process was brought forward by Canadian miner Crystallex. The auction procedure will pay 18 creditors, which are looking to collect on international arbitration awards on a “first come, first serve basis,” based on when the court approved their writs.

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Urgent End Of Year Fundraising Campaign

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Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

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