Venezuelan President Nicolas Maduro said he would take “the most radical measures to protect our people's economy” as a deadline for businesses to adhere to new price controls approaches.
“We will expropriate whatever needs to be expropriated,” Maduro said during a February 4 speech in Caracas amid commemorations of the 22nd anniversary of a 1992 failed military rebellion.
The coup was led by Maduro's predecessor, Hugo Chavez. Although he was jailed for the insurrection, Chavez became a popular figure with the poor majority. He won the 1998 presidential elections by a landslide.