Cash Squeeze Maims Venezuela's Pre-election Food Imports

In July, President Nicolas Maduro smiled as he sealed a multimillion-dollar food import deal with his Uruguayan counterpart designed to combat shortages ahead of Venezuela's legislative elections. But instead of paying the $267 million as agreed, Maduro's government deposited in November under a fifth of that amount, according to Uruguay's government. That put a brake on the shipments to Venezuela. Uruguayan exporters say just a third of the milk and a tenth of the...

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