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Turkey Casts Venezuela Another Lifeline, Buying Scrap

  • Venezuela ships 27,800 metal scraps to Turkey in August
  • Corpoez has the monopoly in Venezuela in selling scrap metals
Car doors sit on shelves in Caracas.

Photographer: Manaure Quintero/Bloomberg

Corrected

Desperate for cash, Venezuela is scrounging around for it in junk piles, looking for discarded car parts and odds and ends from construction sites to sell.

But with U.S. sanctions cutting ever deeper into the crippled economy, the Nicolas Maduro regime appears to have found just one customer: Turkey.