
Venezuela considers official dollarization of its economy
Formal dollarization could stabilize Venezuela's economy, reduce inflation, and attract foreign investment, but it risks losing monetary sovereignty.

Formal dollarization could stabilize Venezuela's economy, reduce inflation, and attract foreign investment, but it risks losing monetary sovereignty.
Countries: Colombia, Venezuela (Bolivarian Republic of) Source: UN High Commissioner for Refugees Please refer to the attached file.

EU Energy Commissioner Dan Jørgensen heads to the G20 energy meeting in Houston as Brussels’ clean-energy strategy clashes with Washington’s push for “energy abundance” through greater oil and gas production. The presence of Russian and Venezuelan officials adds a further geopolitical complication.
Countries: Luxembourg, Eritrea, Syrian Arab Republic, Ukraine, Venezuela (Bolivarian Republic of) Source: UN High Commissioner for Refugees Please refer to the attached file. Between Jan-Nov 2025, 1,648 people applied for international protection (a 7 per cent decrease compared to the same period in 2024). Top countries of origin were Eritrea, Syria and Algeria. The first instance protection rate was 56 per cent. Between Jan-Nov 2025, 1,070 people applied for temporary protection (TP). During this period, 902 individuals were granted TP, while 3,865 existing TP holders renewed their status, extending validity until March 2026. The national reception agency provides housing to asylum-seekers, refugees and beneficiaries of TP. Despite the creation of additional places, the occupancy rate remains at 97 per cent.
Countries: Spain, Canary Islands (Spain), Colombia, Cuba, Nicaragua, Peru, Syrian Arab Republic, Ukraine, Venezuela (Bolivarian Republic of), World Source: UN High Commissioner for Refugees Please refer to the attached file. In 2025, 36,775 people arrived in Spain by land and sea, 43% less than in 2024. Around 52% arrived through the West Mediterranean route and 48% through the West Africa Atlantic route. Most common nationalities included Mali, Senegal and Guinea among arrivals in the Canary Islands, and Algeria, Morocco and Somalia in the rest of the country. Sea arrivals to the Balearic Islands increased by 24% in comparison to 2024, with more nationals from Somalia and Mali traveling from Algeria. In the Canary Islands, there was a significant rise in the proportion of women arriving by boat, while children continue to represent a substantial share. Also noteworthy is the increase of Sudanese nationals arriving in Ceuta. During the same period, around 144,400 people applied for asylum in Spain, mostly from Venezuela, Mali and Colombia. There was a notable increase in asylum applications from Venezuelans compared to 2024. Meanwhile, around 30,300 people received temporary protection in Spain, mainly Ukrainian refugees.

Orlen's Swiss trading arm lost $378M on 2023 oil contracts as investigators trace Venezuelan payments through intermediaries and crypto.

Poland's $400M loss highlights the risks of crypto in sanctioned trades, underscoring vulnerabilities in global oil markets and regulatory gaps.

A Venezuelan delegation will join G20 energy talks in Houston this week as soaring oil prices and disruption from the Middle East war put global energy supplies under pressure. The meeting comes as the Trump administration deepens energy ties with Caracas and seeks to boost Venezuelan oil output.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.
Country: Venezuela (Bolivarian Republic of) Source: MapAction Please refer to the attached Map.

Venezuela's dollarization could stabilize the economy but risks losing monetary control, impacting oil-dependent growth and crypto markets.
The US military, which has previously struck Iranian vessels in the region, did not issue an immediate statement

Trump said revenue from the Venezuela arrangement has "paid for the war many times."

President Trump on Sunday floated the idea that the U.S. could “stay and keep the oil” in Iran, comparing the notion to the U.S.’s major oil deal with Venezuela. Trump told reporters while in Doonbeg, Ireland, that the conflict with Iran will “end after the midterm” elections and that the Iranian regime “wants to make…

As part of Delcy Rodriguez's 'Venezuela reborn' campaign, murals of leaders like Hugo Chavez are being removed.