Venezuela seals border with Colombia to fight smuggling
San Cristobal: Venezuela closed its border with Colombia Monday night to crack down on smuggling of cut-rate gasoline and other products and stanch huge losses for the Caracas government. A total of 17,000 troops have been posted along the frontier to prevent Venezuelan gas and other products kept cheap thanks to government price controls from being sneaked across the border into Colombia. The closing along 2,200 kilometers (1,400 miles) of border applies only at night. It will last 30 days during a preliminary period and then the effect of the measure will be assessed. The lure for smugglers is acute: gas is so cheap in Venezuela it costs less to fill up your tank than it does to buy a bottle of water.
Related Posts
SON Decries Fake Products Imports
The Standard Organisationof Nigeria (SON), a regulatory body superintending the...
New York Loses $400 Million After Imposing The Nation’s Highest Cigarette Tax.
It holds the dubious honor of having the highest cigarette taxes in country, with...
Manufacturing Sector Losses Up 44% Due to Illicit Trade: Report
Seven major manufacturing sectors suffered an estimated loss of Rs 1,05,381 crore...
2.5 kg gold seized at Tiruchi airport
Officers of the Customs Air Intelligence Unit (AIU) seized 2.57 kg of gold...



