Day: June 1, 2020

Venezuela, in Historic Shift, Moves to Scale Back Fuel Subsidy

The routine of Nicolás Maduro, grappling with intensive gasoline shortages, reported it will scale back its longstanding gasoline subsidy and privatize assistance stations, in a sizeable change for Venezuelans extended accustomed to filling up their cars and trucks totally free of demand.

The steps, which choose result on Monday, are a gamble for Mr. Maduro as he struggles with a devastating financial crisis and attempts to outlast U.S.-led sanctions meant to topple his authoritarian administration.

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