International

Venezuela rejects extension of coercive measures by the EU

Photo: @NicolasMaduro

November 14 |

The Venezuelan government rejected Monday the decision of the European Union (EU) to extend until May 14, 2024 the unilateral coercive measures against the Venezuelan people.

“The Government of the Bolivarian Republic of Venezuela rejects the arrogant and unlawful decision of the European Union by means of which it extends until May 14, 2024, the illegal Unilateral Coercive Measures against the Venezuelan people, published today November 13, 2023,” the statement said.

Likewise, the communiqué refers that with this decision, the European Union reflects before the International Community the continuity of its policy of interference in the internal affairs of the nation.

By pointing out that these measures are degrading, harmful and unjust, the Government affirmed that they seek to punish Venezuelan citizens.

20260224_estafa_mh_728x90

Meanwhile, it recalled the content of the United Nations Resolution approved last November 7, which states that the coercive measures are contrary to international law.

Likewise, he insists that such sanctions also contradict the norms and principles that govern peaceful relations between States.

“The Bolivarian Republic of Venezuela reaffirms the solidity of its democracy and its institutions and will continue to demand the definitive cessation of such measures, whose consequences and negative impact affect the possibility of a constructive and respectful dialogue between States”, the text specifies.

Likewise, the Venezuelan Government urges the European Union to “avoid colonialist practices with Sovereign States such as Venezuela and instead create positive spaces for cooperation to effectively face common challenges and challenges”.

20260224_estafa_mh_728x90

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

20260224_estafa_mh_728x90

“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

20260224_estafa_mh_728x90

International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.