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Venezuela army deployed to control food production and distribution | Venezuela army deployed to control food production and distribution |
(about 11 hours later) | |
Venezuela's military has taken control of five ports in an effort to guarantee supplies of food and medicine. | |
In a decree, President Nicolas Maduro has ordered the army to monitor food processing plants, and co-ordinate the production and distribution of items. | |
Venezuela is going through a deep economic crisis despite having the world's largest oil reserves. | |
Basic products are increasingly hard to find and many say they struggle to feed their families. | |
The Venezuelan Bishops Conference said the rise of the military is a "threat to tranquillity and peace". | |
Mr Maduro says the measure is to fight the "economic war" he claims is being waged against his government by political foes and businessmen, with US backing. | Mr Maduro says the measure is to fight the "economic war" he claims is being waged against his government by political foes and businessmen, with US backing. |
But the opposition says the government has mismanaged the economy, and has called for a referendum to oust the president. | But the opposition says the government has mismanaged the economy, and has called for a referendum to oust the president. |
What is behind the shortages? | What is behind the shortages? |
Venezuela: Economy on the brink? | Venezuela: Economy on the brink? |
Mr Maduro announced on state television that the ports of Guanta, La Guaira, Puerto Cabello, Maracaibo and Guamache would be controlled by the army. | |
He created a government initiative called Great Mission of Sovereign Supplying, which will be headed by the country's Defence Minister, General Vladimir Padrino. | |
Among other things, it can establish how purchases and distribution of food, medicine and household goods are made. | Among other things, it can establish how purchases and distribution of food, medicine and household goods are made. |
Meanwhile, Mr Maduro accused Citibank of mounting a "financial blockade" on the country, after the US bank decided to close the government's international payments account with it. | Meanwhile, Mr Maduro accused Citibank of mounting a "financial blockade" on the country, after the US bank decided to close the government's international payments account with it. |
Citibank said the decision followed a "periodic risk management review", but did not explain further. It would be implemented within 30 days, it added. | Citibank said the decision followed a "periodic risk management review", but did not explain further. It would be implemented within 30 days, it added. |
Due to strict currency controls in place since 2003, the Venezuelan government relies on Citibank for foreign currency transactions. | Due to strict currency controls in place since 2003, the Venezuelan government relies on Citibank for foreign currency transactions. |
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