Posted on 12/26/2018 8:41:04 AM PST by C19fan
As allies go, Venezuela is a relatively cheap one for Russia. But the potential returns on Moscow’s investment there could be priceless.
In exchange for modest loans and bailouts over the past decade, Russia now owns significant parts of at least five oil fields in Venezuela, which holds the world’s largest reserves, along with 30 years’ worth of future output from two Caribbean natural-gas fields.
Venezuela also has signed over 49.9 percent of Citgo, its wholly owned company in the United States — including three Gulf Coast refineries and a countrywide web of pipelines — as collateral to Russia’s state-owned Rosneft oil behemoth for a reported $1.5 billion in desperately needed cash.
(Excerpt) Read more at washingtonpost.com ...
I’ll enjoy the Schadenfreude when a future Venezuelan despot comes to power by going to his impoverished people and railing against Russki Imperialism.
The Chavez/Maduro government did that with contractual agreements it disliked.
The Russians/Soviets have supported the expropriation of legally owned property all over the world.
Russia has more than two ways to enforce a contract.
They take such things seriously.
Nothing new...Russia and Venezuela has been doing this for years.
No wonder Venezuela is Broke.
T-ball: Getting exploited by capitalists
Major-league: Getting exploited by commies
One would think Russia would build up the country to get more out of them.
And the Iranian navy is calling there. When does the Monroe Doctrine come into play? or is that a dead letter?
How much of what he is selling off to the Russians did he and Chavez steal from American companies?
The Venezuelan Commies think they can take the money and renege on the deal, like they have done so many times before on deals with Western Capitalists, Crony Capitalists and Governments.
It may not work this time if American DemoRats are unable to shill US intervention and the spending of US lives to support Communist theft.
All of it.
Gonna be interesting to see VZ leadership resorting to the old “It’s America’s fault you’re all poor!” chestnut when all of the checks are being sent to Moscow.
They don’t have any uranium to sell?
A related article:
Special Report: Oil output goes AWOL in Venezuela as soldiers run PDVSA
Now Russia needs to keep the Venezuelan dictatorship in power (in order to keep the oil and gas it purchased there).
New government means expropriation
Now Russia needs to keep the Venezuelan dictatorship in power (in order to keep the oil and gas it purchased there).
New government means expropriation
Now, Russia is going to own Citgo? Time to take over Citgo...
China left some meat on the carcass of Caracas for it’s minion.
Guess WashPost has no problem with a good socialist country devouring a nation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.