Brazil

On Sunday, Venezuelans, backed by President Nicolas Maduro, will vote in a crucial referendum addressing the Esequibo territory dispute with Guyana.The region, potentially rich in oil, has been a subject of contention for years.The referendum includes five critical questions, notably challenging the International Court of Justices (ICJ) jurisdiction over the Esequibo river area.Maduros government sees the referendum as a demonstration of strength.
It also serves as a test of public support ahead of the 2024 presidential election.The ICJ claimed jurisdiction in April, but a final decision might take years.
Venezuela insists on a bilateral resolution with Guyana.Responding to Guyanas plea, the ICJ ordered Venezuela not to alter the current situation.
However, it did not explicitly prohibit the referendum.Both nations interpreted the ruling as supportive of their respective claims.
The referendums questions cover various aspects.They include rejecting the 1899 Paris Arbitration line and supporting the 1966 Geneva Agreement as the sole resolution tool.Venezuela Votes on Esequibo Territory Dispute.
(Photo Internet reproduction)The referendum also queries public opinion on opposing the ICJs jurisdiction and Guyanas unilateral maritime activities.Additionally, it proposes creating the Guayana Esequiba state with citizenship plans for its inhabitants.Over 20 million citizens are eligible to vote.
The National Electoral Council (CNE) has deployed more than 350,000 officials for the event.The voting centers will be open for 12 hours, accommodating a large turnout.The historical context of the Esequibo disputeThis referendum follows Guyanas granting of oil drilling contracts in the undelimited territory.Companies like ExxonMobil and TotalEnergies received these contracts.
Venezuelas decision to hold the referendum is a direct response to these developments.The historical context of the Esequibo dispute dates back two centuries.
Initially under Spanish control, the British later claimed the territory.The 1966 Geneva Agreement, signed by Guyana, the UK, and Venezuela, aimed to resolve the dispute.
However, it only temporarily halted the conflict.Both Venezuela and Guyana view the disputed area as integral to their national territory.Venezuela has consistently featured it on its maps and seeks direct negotiations for resolution.In contrast, Guyana looks to the UN and ICJ for a solution.
This referendum is a pivotal moment in the long-standing dispute, potentially shaping the future of the Esequibo region.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Copper Prices Hold Steady as Traders Weigh Tariff Relief Against Supply Risks


Oil Markets Retreat on Supply Glut Fears Despite US-China Trade Breakthrough


Gold Plummets 2.7% as US-China Tariff Truce Erodes Safe-Haven Demand


[Brazil] - Brazilian Real Extends Rally as Central Bank Tightening Offsets Growth Concerns


Cryptocurrency Markets Navigate Volatility Amid Macroeconomic Shifts


Brazilian Markets Edge Up Amid Global Trade Optimism, Domestic Caution


Brazil’s Homicide Paradox: Crime Drops Nationally as Regional Wars Intensify


Why Argentina's Stock Exchange Soared and Then Slumped in 2025


Inter Co&s Q1 2025 Profit Soars, Yet 60-30-30 Goal Looms Large


BTG Pactual’s Q1 2025 Profit Hits R$3.4 Billion Milestone


Brazil’s Egg Exports Skyrocket 271% as U.S. and Japan Grapple with Supply Crises


Braskem’s 1Q25 Turnaround: Profit Surges, but Cash Flow Challenges Persist


U.S.-China Trade Truce Cuts Tariffs to 10%, Retains Fentanyl Levies in 90-Day Pause Deal


Latin America’s China Gambit Collides With Washington’s Resurgent Monroe Doctrine


Colombia’s Strategic Pivot to China Sparks Trade Tensions and Domestic Debate


Colombia Grants Asylum to Panama’s Ex-President After 16-Month Embassy Refuge


U.S. Banks Resist Global Climate Rules, Citing Economic Risks and Regulatory Overreach


[Brazil] - Succession Showdown: Bolsonaro's Legal Woes Fuel Battle Between Wife, Allies for 2026 Bid


Brazilian Agribusiness Eyes Angola’s Fields for Growth


Uruguay’s Poverty Measures Expose Gaps Between Growth Narratives and Lived Realities


Palmeiras Secures Top League Position Through Strategic Play and Financial Discipline


Football Games for Monday, May 12, 2025: Match Schedule and Live Broadcast


[Brazil] - Botafogo's Decisive Victory Exposes Internacional's Strategic Crisis in Brasileirão


Homes in Mexico Grow Wary as Consumer Confidence Index Drops Again


Falling Lithium Prices Derail Major Chinese Projects in Chile


Interest Rate Cut to 4.5% Signals Peru’s Response to U.S. Tariffs and Economic Headwinds


Canada's Industrial Sector Hit Hard by April Job Losses


Lula’s Support for Putin at Moscow Victory Parade Highlights Brazil’s Diplomatic Autonomy


U.S. Signals Shift with 80% Tariff Proposal Ahead of China Meeting


Strong Start for Brazil’s Industry in 2025 Masks Underlying Weakness


[Brazil] - Rate Hikes Fail to Tame Brazil's Inflation Fueled by Food and Energy


Qatar Airways Expands São Paulo Flights as Business Travel Demand Surges


Nigeria and Brazil Finalize Direct Flights, Paving Way for Closer Commercial Links


Fed Flags Price, Job Risks and Keeps Interest Rate Unchanged


U.S. Oil Inventories Fall Beyond Expectations, Tightening Supplies


Druze Caught in Syria's Southern Conflict as Israel Seeks Buffer State


Air Canada Launches Biggest-Ever Latin America Winter Schedule


[Brazil] - Amazon Web Services Targets Chile's Growing Market with $4 Billion Cloud Push


BRICS Leaders Clash Over U.S. Tariffs and Security Council Bids in Rio


[Brazil] - Vamos Shares Plunge 8% Amid Profit Crash Despite Operational Gains


[Brazil] - São Paulo's Strong Rejection of Lula Signals National Political Shift


[Brazil] - RD Saúde Struggles With Profitability in Q1 2025 as Market Share Gains Fail to Offset Costs


[Brazil] - Brazilian Court Blocks BRB's $360 Million Acquisition of Banco Master Over Legal Concerns