ICJ Restrains Venezuela in Border Dispute with Guyana
![ICJ Restrains Venezuela in Border Dispute with Guyana ICJ Restrains Venezuela in Border Dispute with Guyana](https://bigbreakingwire.in/wp-content/uploads/1020px-peace_palace_vredespalais_-_houses_the_international_court_of_justice_-_the_principal_judiciary_body_of_the_united_nations_344020912253162924117956231192.jpg)
On Friday, the International Court of Justice directed Venezuela to avoid any actions that could change the current situation in a disputed territory near the Esequibo river, potentially rich in oil, which is at the center of a border dispute with Guyana. While the court didn’t explicitly prohibit Venezuela from conducting its planned December 3 referendum on the region’s rights, Guyana’s request to prevent any substantial alterations to the status quo was emphasized by the judges.
The court’s order serves as a restraint on Venezuela’s actions in the disputed area, urging them not to disrupt the existing conditions on the ground. The territorial dispute over the Esequibo river has been a longstanding issue, and the recent directive from the World Court aims to maintain stability while acknowledging Venezuela’s planned referendum. The decision suggests a cautious approach, emphasizing the importance of avoiding actions that could escalate tensions or alter the current state of affairs in the contested region.
Stay informed with our financial updates, stocks, bonds, commodities. Get global & political insights. Follow us & enable notifications for the latest updates.