Get the latest news and stories from RT on Venezuela, including weather, history, and culture. Venezuela is a country in South America whose capital and largest city is Caracas. Get the news on Venezuela’s economy, as it has large oil reserves and is one of the leading oil exporters. However, Venezuela has a high level of crime and poverty. Read news and stories on the social and political situation in Venezuela, including relations with other countries. Venezuela is a dominant-party system with the main United Socialist Party of Venezuela, which was established in 2007 as a result of the merging of several political and social forces under the leadership of President Hugo Chávez. The current president of Venezuela is Nicolas Maduro. Read news and articles on the government of Venezuela.