Venezuelan opposition warns foreign contracts need assembly's OK


  • World
  • Friday, 27 May 2016

Venezuela's President Nicolas Maduro (R) greets supporters as he arrives at a rally of pro-government students, next to his wife and deputy of Venezuela's United Socialist Party (PSUV) Cilia Flores, in Caracas, Venezuela May 26, 2016. Miraflores Palace/Handout via REUTERS

CARACAS (Reuters) - Venezuela's opposition-led National Assembly on Thursday warned that contracts signed between the leftist government and foreign companies without lawmakers' approval would be null.

President Nicolas Maduro this month declared an economic emergency and state of emergency that lets his administration sign contracts without Congress' approval.

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