Venezuela suspended:

Venezuela will be suspended from the Mercosur regional trade bloc as early as Friday for failing to meet membership requirements, a Brazilian official said, in the latest blow to the oil-producing country during a deep political and economic crisis.

According to the official, who asked for anonymity because of the sensitivity of the issue, Mercosur understands that Venezuela failed to meet economic, human rights and immigration accords governing the group.

Mercosur’s other members are Argentina, Paraguay, Uruguay and regional diplomatic heavyweight Brazil.

Earlier on Thursday, Reuters reported that three unidentified Brazilian officials expected Venezuela to be suspended from the bloc.

“Venezuela has not adopted all the membership rules and treaties it had promised,” one of those officials said. “Everything indicates that Venezuela will be suspended starting in December.” (RTRS)