Opinion: The Venezuelan conundrum
Once one of the most vibrant economies in the world, Venezuela in more recent times has suffered from prolonged periods of political and financial instability, potentially creating conditions that can be exploited by internal and external forces.
The current curses of Venezuela in the form of economic decline, corruption and criminality are not new developments, but since current President Nicolas Maduro came to power things have become worse, much worse. For ideological and strategic reasons Venezuela had supported anti-government guerrilla groups in Colombia, primarily Fuerzas Armadas Revolucionarias de Colombia (FARC), but also the Ejercito de Liberacion Nacional (ELN).
There are
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
Rheinmetall sales up by almost a quarter on wave of German spending
Germany’s Rheinmetall released its 1H 2025 results on 7 August, continuing the strong growth of recent years. A particular highlight of the result’s presentation was the Skyranger air defence system for which the company is predicting sales of about US$8.2 billion from the German Government before the end of the year.
-
Defence companies continue to ride procurement wave
Vehicle and technology companies are reporting substantial growth compared to the first half of 2024. Italy’s Fincantieri saw revenues jump 24% for the first half of the year compared to 2024 and Thales up 6.8% for the same period. General Dynamics reported second quarter revenue growth of 8.9% for the second quarter compared to last year and MilDef reported organic order intake growth of 58%.
-
Singapore plots a way forward with new technology and formation reform
Singapore spends about 3.5% of GDP on defence and the section’s budget sits on high on the proportion of national spending. The country is investing in uncrewed technology, medium- and long-range fires and new submarines and ships with the hunt also on for new maritime patrol aircraft.
-
World Defense Show promises bigger and better event for 2026
At this year's IDEF in Istanbul, Shephard spoke to World Defense Show (WDS) CEO Andrew Pearcey about his event's strategic role in Saudi Arabia, its themes and new features for 2026 and how it has grown since its launch in 2022.