Page 7 - Venezuela

Venezuela tension unlikely to have big impact on India trade: Experts

US action in Venezuela may lift oil prices briefly, but officials say India's energy supplies and trade face minimal risk given limited exposure and reduced crude imports

US forces seize Venezuela's Maduro, fly him to New York to face charges

President Trump said that no American troops had been killed and that no military equipment had been lost during the operation

Venezuela attack may put pressure on FPI flows, impact on equities limited

The US strike on Venezuela may cause short-term jitters in Indian markets, but trade deal uncertainty, FPI flows and geopolitics remain the bigger overhang

India voices concern over US action in Venezuela, calls for peace talks

India on Sunday voiced "deep concern" over the US' capture of Venezuela's President Nicolas Maduro and his wife in a military operation and called for a peaceful resolution of the issues to ensure stability in the region. In its first reaction to the unprecedented American action in Venezuelan capital Caracas early on Saturday, New Delhi also reaffirmed its support for the well-being of the people of the oil-rich South American country and said it is closely monitoring the unfolding developments. The United States brought Maduro and his wife, Lady Cilia Flores, to New York to face drug trafficking-related charges. Venezuela, denouncing the US action, has announced a state of national emergency. "Recent developments in Venezuela are a matter of deep concern. We are closely monitoring the evolving situation," the Ministry of External Affairs (MEA) said. "India reaffirms its support to the well-being and safety of the people of Venezuela," it added. New Delhi also called upon "all ..

Export to Venezuela less than 1% of total exports, says Bajaj Auto

Bajaj Auto on Sunday said its exports to Venezuela accounts for less than 1 per cent of its total overseas shipments. The South American country has plunged into a crisis after the US captured its President, Nicolas Maduro, on Saturday. "We do export to Venezuela. Pulsar and Boxer are very popular, but these exports are less than 1 per cent of our total exports," Rakesh Shamra, Executive Director, Bajaj Auto, said. He was responding to a query about the implications on its operations in the country following the capture of Maduro by the US. In the April-December period of FY26, Bajaj Auto's total exports stood at 16,39,971 units as against 13,73,595 units in the year-ago period, up 19 per cent. Another Indian automaker, TVS Motor Company, said it has no meaningful presence in Venezuela.

US-Venezuela conflict unlikely to affect India trade: GTRI report

The US-Venezuela conflict will have a negligible impact on India's trade with the South American country, think tank GTRI said on Sunday. On January 4, American forces carried out a large military operation in Venezuela, capturing President Nicolas Maduro and his wife and taking them to the US to face various charges, including narco-terrorism and drug trafficking. "India faces negligible impact, as trade with Venezuela has collapsed under sanctions, with crude imports down 81.3 per cent in FY2025 and overall bilateral trade remaining marginal," the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. For India, he said, the Venezuelan disturbance is unlikely to have any material economic or energy impact. Although India was a major buyer of Venezuelan crude in the 2000s and 2010s, bilateral engagement has weakened sharply since 2019 due to US sanctions, which forced India to cut oil imports and scale back commercial activity to avoid secondary sanctions, he added.

How US' military operation in Venezuela could impact oil supply chains

US forces have captured Venezuelan President Nicolás Maduro, an intervention that is raising urgent questions about its implications for oil production, prices, exports and global supply chains

China asks US to release Venezuelan President Maduro, his wife at once

China on Sunday called on the United States to release Venezuelan President Nicolas Maduro and his wife at once and resolve issues through dialogue and negotiation. China expresses grave concern over the US forcibly seizing President Nicolas Maduro and his wife and taking them out of the country, a Chinese Foreign Ministry statement here said. The move is in clear violation of international law, basic norms in international relations, and the purposes and principles of the UN Charter, it said. China calls on the US to ensure the personal safety of President Nicolas Maduro and his wife, release them at once, stop toppling the government of Venezuela, and resolve issues through dialogue and negotiation," it added. The ministry earlier on Saturday condemned the US airstrikes on Venezuela and the capture of Maduro and his wife, describing it as a hegemonic act that seriously violates international law. China is deeply shocked by and strongly condemns the US' blatant use of force again

'US control of Venezuelan oil may unlock $1 bn stuck dues for India'

A US-led takeover or restructuring of Venezuela's oil sector could deliver a direct benefit to India, potentially unlocking close to USD 1 billion in long-pending dues while accelerating the revival of crude production from fields it operates in the sanctions-hit Latin American nation, analysts and industry sources said. India was once a major processor of Venezuelan heavy crude, importing more than 4,00,000 barrels per day at peak levels, until sweeping US sanctions and rising compliance risks forcibly shut down purchases in 2020. Its flagship overseas producer, ONGC Videsh Ltd (OVL), jointly operates the San Cristobal oilfield in eastern Venezuela, but output has been severely curtailed as US restrictions blocked access to critical technology, equipment, and services - leaving commercially viable reserves effectively stranded. Venezuela has failed to pay OVL USD 536 million in dividends due on its 40 per cent stake in the field up to 2014, and a near-equivalent amount for the ...

Why Venezuela's oil sector offers no quick payoff for US companies

Any companies that might want to invest there would need to deal with security concerns, dilapidated infrastructure, questions about the legality of the US operation to snatch Maduro

How cocaine, corruption led to indictment of Venezuelan President Maduro

A newly unsealed US Justice Department indictment accuses captured Venezuelan President Nicols Maduro of running a corrupt, illegitimate government fuelled by an extensive drug-trafficking operation that flooded the US with thousands of tons of cocaine. The arrest of Maduro and his wife in a stunning military operation early Saturday in Venezuela sets the stage for a major test for US prosecutors as they seek to secure a conviction in a Manhattan courtroom against the longtime leader of the oil-rich South American nation. Attorney General Pam Bondi said in a post on X that Maduro and his wife will soon face the full wrath of American justice on American soil in American courts. Here's a look at the accusations against Maduro and the charges he faces. Maduro faces drugs and weapons charges --------------------------------------------- Maduro is charged alongside his wife, his son and three others. Maduro is indicted on four counts: narco-terrorism conspiracy, cocaine importation .

Musk's Starlink to offer free internet services in Venezuela through Feb 3

The announcement coincided with dramatic scenes involving deposed Dictator Nicolas Maduro following his removal by the United States

Captured Maduro made to perp-walk in custody, he says 'Happy New Year'

The US government releases a video of Venezuela's detained President Nicolas Maduro in handcuffs, as he is moved to New York to face charges

Who is Delcy Rodríguez, Venezuela's acting leader after Maduro's capture?

A long-time chavista, technocrat and trusted Maduro loyalist, Delcy Rodríguez has assumed Venezuela's presidential duties amid deep uncertainty after a US military operation

World leaders react to US operation in Venezuela, call for de-escalation

European Union President Ursula von der Leyen emphasised respect for international law and the UN Charter, while EU High Representative Kaja Kallas ensures EU citizens' safety

Maduro's capture disrupts Caribbean travel as hundreds of flights cancelled

The US military operation that captured Venezuelan President Nicolas Maduro and flew him out of the country early Saturday has also disrupted Caribbean travel at a busy travel time for the region. No airline flights were crossing over Venezuela on Saturday, according to FlightRadar24.com. And major airlines cancelled hundreds of flights across the eastern Caribbean region and warned passengers that the disruptions could continue for days after the Federal Aviation Administration imposed restrictions. Flights to Puerto Rico, the Virgin Islands, Aruba and other destinations near Venezuela were cancelled. The airlines are waiving change fees for passengers who have to reschedule their flights this weekend. The FAA had earlier said it imposed a temporary airspace restriction on Puerto Rico's international airport and surrounding regions. An announcement by Luis Muoz Marn International Airport in San Juan posted on the social media site X said restrictions were put in place because of t

UN chief slams US actions in Venezuela, says it sets dangerous precedent

UN Secretary General Antonio Guterres has voiced his concern over the escalation between the US and Venezuela culminating in the capture of the country's President Nicols Maduro, saying the developments constitute a dangerous precedent. The secretary general is deeply alarmed by the recent escalation in Venezuela, culminating with today's United States military action in the country, which has potential worrying implications for the region, a statement issued by his spokesperson said on Saturday. Guterres said that independently of the situation in Venezuela, these developments constitute a dangerous precedent and said he is deeply concerned that the rules of international law have not been respected. Maduro and his wife have been indicted by federal authorities in New York on charges of narco-terrorism and conspiracy to possess destructive devices against the US. In an extraordinary development, President Donald Trump announced on Truth Social in the early hours of Saturday that t

Avoid travel to Venezuela, Indians there should exercise caution: MEA

MEA on Saturday advised all Indian nationals in Venezuela to exercise extreme caution and restrict their movements in view of the prevailing situation

US will run Venezuela until judicious transition takes place: Trump

Trump said the US remained prepared to carry out a second and significantly larger attack in Venezuela, though he suggested it might not be necessary

US to decide what's next for Venezuela after Maduro's capture: Trump

President Donald Trump said in an interview Saturday morning that the United States will be making decisions on what is next for Venezuela after capturing the Latin American country's president and flying him out of the country. We'll be involved in it very much as to who will govern the country, Trump said. We can't take a chance in letting somebody else run and just take over what he left, or left off, Trump said in an interview with Fox News hours after the capture. Meanwhile, Venezuelan ruling party leader Nahum Fernandez told The Associated Press that Nicolas Maduro and his wife were at their home within the Ft. Tiuna military installation when they were captured. That's where they bombed," he said. And, there, they carried out what we could call a kidnapping of the president and the first lady of the country.