06:52 GMT +304 December 2016
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    Decision on Venezuela’s Mercosur Status to Be Announced Friday

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    The final decision on Venezuela’s membership in the Mercosur Latin American regional economic bloc will be announced on Friday, a source in the Paraguayan Foreign Ministry told Sputnik.

    MOSCOW (Sputnik) – On Thursday, reports emerged that Venezuela was likely to be suspended from the bloc due to its failure to fulfill certain requirements.

    "We are not going to say anything to the press today [Thursday], we will speak tomorrow," a senior Paraguayan Foreign Ministry official told Sputnik on Thursday.

    Earlier this year, Venezuelan President Nicolas Maduro accused Argentina, Brazil and Paraguay of uniting against Caracas on the Mercosur presidency transfer issue.

    Mercosur presidency for this half of the year was supposed to be transferred to Venezuela. However, there have been concerns over growing discord in Venezuela amid a political standoff between Maduro and the opposition-dominated parliament.

    Argentina, Brazil, Paraguay and Uruguay eventually decided to temporarily share the presidency of the bloc.

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