Venezuela will modify its complex currency controls and add a third new exchange system where dollars will be offered through private investors. This is to combat the black market and keep the existing three-tier model, said President Nicolas Maduro.
The current oil price decline can be explained by heavy selling in US future markets which is part of an all-out economic war between the US and countries like Russia, Iran and Venezuela, says financial journalist, Willem Middelkoop.
Russia and Venezuela have agreed to increase cooperation in joint oil exploration projects and promised to work together to protect oil markets as well as restore prices, said Venezuelan President Nicolas Maduro during his Moscow visit.
The oil price crash is the first battle of Global War I between the geopolitical interests of the West versus Russia and its allies, says international consultant Adrian Salbuchi. In the future we might see the same happening over water or food, he adds.
Calls for independence, pleas to stop war, objection to mass surveillance, outrage over police brutality, and much more drove people to the streets in 2014. RT takes a look at what prompted millions around the globe to rise up.
As a lot of exported Russian oil and gas is paid for in foreign currency and the government debt is comparatively low, things in Russia are not that bleak despite the falling ruble and oil price, Patrick Young, global markets expert, told RT.
The joke is on a prominent neurosurgeon after he unwisely cracked a funny to ticket staff at Miami International Airport about having explosives. The wisecrack is costing him close to $90,000, after he had to pay for delaying passengers.