Venezuela, in Historic Shift, Moves to Scale Back Fuel Subsidy
The regime of Nicolás Maduro, grappling with intense gasoline shortages, mentioned it will scale back again its longstanding fuel subsidy and privatize support stations, in a important shift for Venezuelans prolonged accustomed to filling up their cars cost-free of cost.
The actions, which take influence on Monday, are a gamble for Mr. Maduro as he struggles with a devastating economic crisis and attempts to outlast U.S.-led sanctions meant to topple his authoritarian administration.
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