Putin to hold talks with Maduro tomorrow

Clay Curtis
December 8, 2018

Without naming the United States, Maduro decried sanctions and said Venezuela had the right to sell gold. "You cannot punish a whole people to resolve political disagreements", he explained.

The Turkish leader also condemned the economic sanctions that Maduro faces since 2017.

"We do not interfere in the trade of the USA or other countries, nobody should interfere with our commercial and economic activities", he said, stressing that the South American country would continue to legally export its gold resources.

"There are solid ties in friendship and solidarity between our countries".

The Venezuelan strongman is in Moscow to whip up support from allies to prop up an economy in freefall.

Along with the increase in the minimum wage, Maduro raised the exchange rate for Petro, since the two indices attached to each other.

"It is very petty to try to use an illegal sanction to prevent Venezuela from selling its gold to the world", he said.

In the framework of Erdogan's visit, Venezuela and Turkey signed a series of cooperation agreements on energy, mining, and commercial and maritime transport.

Erdogan defies Trump, calls Maduro Bolivar

Maradona, who has gone on record with his support of Maduro's leadership of Venezuela in recent months, once again backed the president after an explosion in Caracas close to an event where the president was giving a speech.

Turkey this year has become the largest importer of non-monetary gold from Venezuela.

Hit by low oil prices, mismanagement, hyperinflation and the impact of United States sanctions, Venezuela's economy has plummeted.

Both leaders are battling financial crises and have clashed with the USA in recent months.

As a result of inefficient economic policies and failed experiments, that Venezuelan consumers in the end pay a high price, which includes the compulsory government-approved cryptocurrency Petro.

Venezuela, overwhelmed by hyperinflation, a severe shortage of commodities and a strong recession, has reportedly exported around $ 700 million worth of gold to Turkey.

Maduro has repeatedly blamed a US-led economic war for the crisis, saying Washington is plotting to topple his government. Ties between Turkey and the United States, two North Atlantic Treaty Organisation allies, have also been strained.

Maduro also wrote on his official Twitter page that he was headed to an "important work meeting" with Putin.

SpaceX launches cargo, but fails to land rocket
The Falcon 9 rocket lifted off from Cape Canaveral Air Force Station in Florida at 1:16 p.m. local time. The Falcon rocket used for Wednesday's launch was not used in any prior mission.

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