Oil Bribery And Violent Protests Rattle Ecuador

Moreno Reverses Fuel Subsidy Cut, Talks Underway Ecuadorean President Lenín Moreno on Monday officially signed a decree reversing his own law to cut fuel subsidies after more than a week of increasingly violent protests against the measure, Reuters reported. Moreno said fuel prices will revert to prior levels until a new measure can be agreed upon that will be perceived as more fair to poor sectors of the Andean nation’s society while thwarting fuel smugglers, who sell the subsidized fuel abroad. The government and indigenous leaders…