Following a court decision in Portugal, Venezuela could be a step closer to regaining significant assets held in the UK and the US. The Central Civil Court of Lisbon ordered Novo Banco in Portugal to return over €1.352 billion (US$1.5 billion) to Venezuela, funds which were held since 2019. These funds were under contention due […]
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Modernizing Peru’s Defense: Strategic Acquisition of Advanced Rocket Systems
Peru is stepping up its military capabilities with a strategic investment in modern artillery. The government allocates $229.5 million for state-of-the-art MLRS and munitions for the national army. This move aims to replace the outdated BM-21 Grad launchers, relics from the 1970s, enhancing the army’s operational readiness. The initial transition began in 2013 when Peru […]
