Venezuela

Democracy Digest: Gloom, Doom and Silver Linings

Four out of the five categories that make up the average score deteriorated. Civil liberties: down. Political culture: down. Functioning of government: down. Electoral processes and pluralism: you guessed it.

The only category that registered an uptick was "political participation", reflecting "a rising tide of popular protest" that "shook regimes run by despots and democrats alike".

Record Inflation in Venezuela

Venezuela's inflation rate was 3320 percent from January to September this year. The data was announced last night by National Assembly (single chamber parliament) Finance Committee member Alfonso Marquina. 

The country's legislature is controlled by the opposition, TASS reported.

US blacklists oil company in Cyprus

An oil company registered in Cyprus has been blacklisted by US officials who blocked a total of four vessels for transporting Venezuelan oil to Cuba.
According to Reuters, Caroil Transport Marine Ltd was among a number of companies accused of continuing "to circumvent sanctions by receiving oil shipments from Venezuela."

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