2018 Panama–Venezuela Diplomatic Crisis
The 2018 Panama–Venezuela diplomatic crisis was a diplomatic stand-off between Panama and Venezuela after the Panamanian government imposed sanctions on President Nicolás Maduro and several key officials of the Bolivarian government over alleged involvement with "money laundering, financing of terrorism and financing the proliferation of weapons of mass destruction" on 29 March 2018. On 5 April 2018, Maduro imposed sanctions on Panamanian companies and as well as prominent Panamanian officials, including President Juan Carlos Varela in response to the sanctions imposed by Panama. The diplomatic crisis ended on 26 April 2018 when President Maduro announced that he had called President Varela and agreed to the return of the ambassadors and the return of air communication between both countries. Background Bilateral relations between the Panama and Venezuela have been suspended on two previous occasions under the Bolivarian government. In 2004, diplomatic relations were suspe ...
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Crisis In Venezuela
An ongoing socioeconomic and political crisis began in Venezuela during the presidency of Hugo Chávez and has worsened during the presidency of successor Nicolás Maduro. It has been marked by hyperinflation, escalating starvation, disease, crime and mortality rates, resulting in Venezuelan refugee crisis, massive emigration. It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. Writers have compared aspects, such as unemployment and GDP contraction, to that of Economy of Bosnia and Herzegovina, Bosnia and Herzegovina after the 1992–95 Bosnian War, and those in 1998 Russian financial crisis, Russia, Special Period, Cuba and 1997 Albanian civil unrest, Albania following the Revolutions of 1989.* * In June 2010, Chávez dec ...
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