Skip to main content

The strategy behind Washington’s destabilization of Venezuela

Venezuela represents everything that the U.S. opposes in the region: socialism, anti-imperialism, economic independence via energy exports and a viable ally for China, Russia, Iran and other countries that oppose the hegemonic designs of Washington.

by Eric Draitser

Part 4 - The Sino-Venezuelan partnership

For decades, corporations in the U.S. saw Venezuela as little more than an American possession, an oil colony whose dependence on U.S. exports made it little different from a true colony in the traditional sense of the word. However, with the ascendance of Hugo Chavez and the Bolivarian Revolution, Venezuela ceased to be a dependent client of the U.S., and instead became a political adversary.

One key aspect of Venezuelan economic relations with other countries that has undoubtedly rubbed strategic planners the wrong way has been its ongoing partnership with China. Under Hugo Chavez and Nicolas Maduro, Venezuela has signed countless deals with Beijing, many of which are based on an oil-for-credit framework wherein Venezuelan oil underwrites Venezuelan borrowing from Chinese banks. The Chinese cash has been used to stave off default and pay the financial obligations of the Venezuelan government.

Beyond that, Venezuela and China have inked agreements in the areas of energy, mining, finance, infrastructure and agriculture. There is also the Joint Chinese-Venezuela Fund, which finances infrastructure projects and economic development in the Bolivarian Republic.

In February 2017, China and Venezuela signed a raft of agreements, including the construction of a refinery in China that will process 400,000 barrels of crude per day, 70 percent of which will come from Venezuela. The deals totaled $2.7 billion.

China has also become one of the leading manufacturers of transportation in Venezuela, with taxis and buses being purchased or manufactured by the Chinese for the Venezuelan market. This tangible example of the Venezuela-China relationship illustrates the importance of Beijing to the daily life of Venezuela.

Unlike China, Russia has little need for Venezuelan oil. However, the one other area of Russian economic might is critical for the Bolivarian Republic: weapons.

According to Rostec, a Russian state corporation involved in the sale of military hardware to Venezuela, the estimated value of Russia-Venezuela arms contracts is roughly $12 billion. From 2005 to 2013, Venezuela was the largest buyer of Russian weapons in Latin America, with roughly $11 billion in purchase contracts.

But Russia’s ties to Venezuela are not simply about mutual enrichment, there is also a somewhat predatory aspect to the relationship, one that is likely making observers in both Washington and Caracas wary. Russia’s $1.5 billion loan to Venezuela in November 2016 came with the condition that the Venezuelan state oil company PDVSA pledge a 49.9-percent stake in Citgo, the U.S. subsidiary of PDVSA, as collateral for the loan.

This means that Russia’s state oil company Rosneft, run by Russian President Vladimir Putin’s close friend Igor Sechin, could control much of Venezuela’s economic clout. Translation: Russia wants Venezuelan oil to use as leverage against the U.S.

Venezuela has become a geopolitical flashpoint in recent years. As the country has moved forward on the path of socialism and anti-imperialism, it has increasingly been targeted by a wide range of destabilization tactics, as well as the collapse of global oil prices in 2014 and 2015 that crippled the Venezuelan economy.

Source, links:


[1] [2] [3] [5]

Comments

Popular posts from this blog

Oct. 7 Reports Implode: Beheaded Babies, NY Times Scandal, & More

Glenn Greenwald    

Πώς ο Γκρίνμπεργκ μπορεί να θάψει το καθεστώς Μητσοτάκη

του system failure    Είναι ξεκάθαρο ότι η αναμφίβολη πρωτοκαθεδρία του καθεστώτος Μητσοτάκη οφείλεται σχεδόν αποκλειστικά σε μια άκρως επιθετική επικοινωνιακή εκστρατεία που είχε καταφέρει μέχρι στιγμής να κρύβει κάτω από το χαλί (τουλάχιστον ως ένα βαθμό) τον αυταρχισμό και τη διαφθορά του καθεστώτος, καθώς και τις καταστροφικές πολιτικές που εφαρμόζει.  Και δεν είναι πλέον μυστικό, ότι ο άνθρωπος-κλειδί πίσω από αυτή την εκστρατεία είναι ο Αμερικανός δημοσιοσχετίστας, Σταν Γκρίνμπεργκ .    Όμως καθώς το καθεστώς επαναπαύθηκε στις δάφνες της νίκης των τελευταίων βουλευτικών εκλογών, τα μεγάλα προβλήματα συνέχισαν να συσσωρεύονται και φάνηκε ότι το καθεστώς είτε δεν ήθελε, είτε δεν μπόρεσε να τα αντιμετωπίσει. Έτσι, είδαμε σε σύντομο χρονικό διάστημα να έρχονται τα πρώτα σημαντικά πλήγματα στην πρωτοκαθεδρία του, μέσα από τα αποτελέσματα των δημοτικών και περιφερειακών εκλογών. Παρόλα αυτά, η αλαζονεία των καθεστωτικών στελεχών παρέμεινε αμετάβλητη, καθώς θεώρησαν ότι η τραγωδία των Τ

Zionist and US imperialist criminals are about to grab the natural gas off shore Gaza

globinfo freexchange   As the genocide against Palestinians of Gaza is about to be completed with an act of unprecedented brutality by the Zionists and butcher Netanyahu through the bombardment of about 1.4 million civilians in Rafah, it seems that they have already set their next primary goal. Which, in short, is to grab the natural gas resources off shore Gaza, together with their US imperialist buddies whose contribution to the genocide has been undoubtedly critical.     As already reported , in 2007, Hamas came to power and Israel launched an offensive on Gaza Strip, leaving behind 1,400 dead Palestinians, but taking with it the gas fields. Within a year, Israel announced the discovery of the Leviathan natural gas field, which did include Gaza's riches, valued at 453 billion dollars. But Gazans have been denied around 47 billion dollars in revenue. As for Tel Aviv, it's gunning to become a new hub. At that moment in time, that is 2022, Russian oil and gas were sanctioned.

Israel’s Descent Into Madness & the Holocaust Comparison

BreakThrough News   Rania Khalek was joined by Tarik Cyril Amar, a historian from Germany and associate professor at Koc University in Istanbul, to discuss Israel’s descent into genocidal fascism. Prof. Amar addresses whether it’s useful to make Holocaust and Nazi comparisons and the real reason behind the West’s unshakeable loyalty attitude when it comes to Israel’s barbarism.   

Neocon Queen Victoria Nuland Ends Her Reign: Exposing a Catastrophic Career

Glenn Greenwald    

The Shadowy, Intelligence-Linked Group Driving the US Towards War With Iran

"United Against Nuclear Iran does not miss an opportunity to try to bring the United States closer to a military conflict with Iran. And on the other side of the equation, they also have worked very hard to oppose efforts to de-escalate the U.S.-Iran relationship."   by Alan Macleod   Part 7 - A Lesson From History   The history of Iran has been intimately intertwined with the United States since at least 1953 when Washington orchestrated a successful coup against Prime Minister Mohammad Mosaddegh. Mosaddegh had refused U.S. demands to stamp out Communist influences in his country and had nationalized the nation’s oil. The U.S. installed Shah Mohammad Reza Pahlavi as a puppet ruler. An unpopular and authoritarian ruler, the Shah was overthrown in the Revolution of 1979. Since then, it has become a target for regime change, and its nuclear program is something of an obsession in the West. Often orchestrated by UANI officials while they were in government, the U.S. has carried

Το σκάσιμο της φούσκας Μητσοτάκη με νέα επίσημη χρεοκοπία και οριστικό τέλος της μεταπολίτευσης

του system failure   Τα αποτελέσματα των εκλογών της 25ης Ιουνίου ήταν λίγο-πολύ αναμενόμενα όσον αφορά τις πρώτες θέσεις με βάση και τα αποτελέσματα της πρώτης κάλπης του Μαίου. Αν συμπεριλάβουμε και το ποσοστό της αναμενόμενης αποχής, δεν μας έδωσαν κάποια ιδιαίτερη έκπληξη. Αυτό όμως που φαίνεται να αιφνιδίασε ακόμα και το συστημικό κατεστημένο, είναι η είσοδος των δύο υπερσυντηρητικών, ακροδεξιών κομμάτων Νίκη και Σπαρτιάτες, με το τελευταίο να έχει ξεκάθαρες διασυνδέσεις με τον πρώην Χρυσαυγίτη, Ηλία Κασιδιάρη. Παρά τη μεγάλη νίκη Μητσοτάκη, οι μιντιακοί ινστρούχτορες της καθεστωτικής προπαγάνδας εμφανίστηκαν σε γενικές γραμμές "μουδιασμένοι" και αυτό οφείλεται στο γεγονός ότι το συστημικό κατεστημένο (δηλαδή τα μεγάλα οικονομικά συμφέροντα που ελέγχουν και το σύνολο των μεγάλων ΜΜΕ πανελλαδικής εμβέλειας), πέτυχε μόνο έναν από τους τέσσερις μεγάλους στόχους που είχε θέσει εξ'αρχής. Μιλώντας με ποδοσφαιρικούς όρους, ουσιαστικά έχασε με σκορ 3-1.   Ο μεγάλος στόχος πο

Study Finds Media Giants New York Times, CNN, and Fox News Pushing for US War in Yemen

by Alan Macleod  Part 2 - Biased Reporting MintPress conducted a study of four leading American outlets: The New York Times , CNN, Fox News and NBC News. Together, these outlets often set the agenda for the rest of the media system and could be said to be a reasonable representation of the corporate media spectrum as a whole. Using the search term “Yemen” in the Dow Jones Factiva global news database, the fifteen most recent relevant articles from each outlet were read and studied, giving a total sample of 60 articles. All articles were published in January 2024 or December 2023. The study found the media wildly distorted reality, presenting a skewed picture that aided U.S. imperial ambitions. For one, every article in the study (60 out of 60) used the word “Houthis” rather than “Ansar Allah” to describe the movement which took part in the Yemeni Revolution of 2011 and rose up against the government in 2014, taking control of the capital Sanaa, becoming the new de facto government. Ma

Top German military commanders plan direct attacks on Russia

by Johannes Stern  Top German generals and the German government are discussing in concrete terms how “Taurus” cruise missiles can be delivered to Ukraine and used against Russian targets. This emerged from an approximately 30-minute conversation on February 19, which was reportedly intercepted by Russian intelligence and published over the weekend by the Russian news channel RT. The conversation involved Air Force Inspector Ingo Gerhartz, Head of Operations and Exercises in the Luftwaffe Command Frank Gräfe and two lieutenant colonels of the Bundeswehr (armed forces) Space Command named Fenske and Florstedt. According to their own statements, the military commanders met to prepare a meeting with Defense Minister Boris Pistorius (Social Democrats, SPD) and to discuss with him whether and how the Taurus can be delivered to Kiev and used against the nuclear-armed power Russia. Pistorius wanted to “ get really deep into Taurus, ” Gerhartz began the conversation. He leaves no doubt that he

The truth about Alexei Navalny

Glenn Greenwald / Dangerous Ideas with Lee Camp / The Hill /