Originally posted on TIME:
As the finances of Venezuela continue to deteriorate under the collapse of crude oil prices, the government of President Nicolas Maduro is becoming more paranoid and vindictive.
Venezuela derives the vast majority of its export earnings from sending oil overseas. With the largest endowment of crude oil reserves in the world, the oil-driven economy worked well for the late Hugo Chavez: he provided generous support for the poor, and built allies in the western hemisphere by dispensing cash and cheap oil in exchange for political allegiance.
But state-owned PDVSA has struggled to keep production up. Rather than using its earnings to develop more fields, much of its earnings have been diverted for political and social projects. Chavez also purged PDVSA of thousands of experienced workers, leaving the company short of well-trained staff.
Chavez could paper over the decay of PDVSA’s production base because oil prices were so high in his…
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On August 31 it became known that the settlement account of New Life church had been arrested by the Oktyabrskiy department of Belarusbank Ltd, reports New Life church Information Center.
As bank officials informed the accountant Nadezhda Kovshik, the account ‘has been arrested due to the corresponding requirement from the Economic court of Minsk regarding the indisputable penalties of 9 million and 250 million rubles’.
At that instance there was a sum of 935 000 BLR in the account which was made available to the Economic court. From now onwards any money transferred to the church account will be confiscated.
Sergey Likanin, the church lawyer, thus commented on the issue: “So, law enforcement officers have proceeded to the execution of the court decisions according to which the church had been convicted of the environment pollution by oil. It is such a pity that the believers’ offerings should be arrested based on such an unlawful judicial act. Bank account arrest may make charity work difficult as the church co-operates with the Belarusian Red Cross and other charity organizations but the community
itself will not be endangered. According to judicial procedures there might be attempts to arrest the property in the church building but we believe that the Lord will not let authorities act aggressively towards the Christians, who are not to blame.”
Report from the Christian Telegraph