I haven't been following what has been going on in Venezuela too much. I met some cool guys at Anarchapulco from Venezuela, but I have not been there.

BBC is reporting the Maduro government has seized the Kellogg factory. BBC reports the company had complained of inflation and lack of materials. The Venezuelan government had also seized a previous firm in 2016.

President Maduro who has been in office for 5 years or so now asserts there is an economic war being waged against the Venezuelan government. Kelloggs stated they would suspend operations which may be what precipitated nationalization.

Kellogg has requested arbitration at the World Bank according to the BBC. It will be interesting how it all plays out. Hopefully their economy stabilizes soon and all will have reasonable access to the goods that enable live to live/thrive. The article also notes that the context is just before the Venezuelan presidential elections occurring tomorrow/Sunday, May, 20 2018.

Source