China and Russia coming to Venezuela's rescue

The Trump Administration has hit Venezuela with a harsh "Cuban-style" embargo, and already it has familiar results.
Like the 60 years of policy failure with Cuba, all talk of reform or regime change in Venezuela came to an immediate halt.

Like the 60 years of policy failure with Cuba, Venezuela looked for help in Asia and found another nation under economic assault by the U.S. Empire.

A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages, potentially complicating the Trump administration’s push for regime change in the oil-rich country.

Wison Engineering Services Co., a Shanghai-based chemical engineering and construction company that is using China’s ‘Belt and Road’ infrastructure program to expand overseas, agreed last month to repair Venezuela’s main refineries in exchange for oil products including diesel, according to people with knowledge of the deal.

The deal mirrors the OPEC producer’s other arrangements with Russian and Chinese oil majors, under which payments are made in crude by Venezuela’s cash-strapped national oil company.

Russia’s state-owned oil company Rosneft is currently the last major supplier of petrol to Venezuela.
Both China and Russia have denounced Washington's latest move.

China, however, has opposed the measure and has become the country's top oil export destination, eclipsing the United States...
Since the beginning of Venezuela's political standoff, Moscow has maintained "military-technical cooperation" with Caracas and has vowed to continue sending defense personnel there and striking oil deals regardless of Washington's threats.

venezuela-maduro-guaido-world-support.jpg

China and Russia have very little in common, despite a shared border.
Politically they are natural rivals, not allies. Thus they were enemies from the 60's through the 80's.
But then Putin came to power and the U.S. began looking to surround and isolate Russia and China.

just months before Xi Jinping came to power as general secretary of the ruling Chinese Communist Party, the two countries signed the 2012 Strategic Partnership....
The pair have been practically inseparable ever since, meeting up to 30 times, and often declaring how their nations' ties are at "their highest level in history."
...
With the U.S. cracking down on China's ascendency in economics and defense, Beijing has turned to Moscow as a vital partner in Xi's Belt and Road Initiative (BRI) that imagined new infrastructure projects across Asia and extending into Africa, Europe and even Latin America. In turn, Russia saw an opportunity in bolstering Putin's own Eurasian Economic Union (EEU) project.

China has the manufacturing base, while Russia has the natural resources. Both of them have big plans.
There is another way to look at their partnership.

"Russia still needs a powerful ally due to its isolation in the West, whereas China seeks a dependable junior partner to increase its international clout."

Remyga put this equation even more simply, describing China as "a big guy walking around with a lot of money" and Russia as the "big guy walking around with big guns."

No amount of sanctions will make China and Russia bend to America's will. If sanctions could do that, it would already have happened.
So threats of new sanctions against Russia are completely pointless. While new sanctions against China will just make things worse.

Washington's aggressive stance against Iran has, like Venezuela, pushed the Muslim nation into the arms of Russia. What would normally be an unlikely odd couple, have become military allies. This is a marriage of convenience.
The same is true for Russia's growing alliance with Pakistan, and their still new friendship with Turkey.
Combine all those nations with Russia's long-time economic and military agreement with India, Syria and Vietnam, and there is very little of Asia that isn't part of an anti-American military/economic bloc.

Share
up
30 users have voted.

Comments

Maduro looked to be offering new elections. Then the embargo. Some pundits said that was really more aimed at the opposition. All or nothing until Maduro is forced out.

I still don't get how the US could steal a cargo of soy beans while the vessel was in the Panama Canal. Wonder if the US will try to sieze Russian cargo vessels loaded with wheat heading toward VZ.

up
13 users have voted.
wendy davis's picture

no, VZ didn't halt negotiations upon the total economic 'make the economy scream' sanctions on VZ by the T admnistration, but hilariously, the anonymous sources at your bloomberg link hit the maduro 'regimes' failures, etc.:

"Wison Engineering Services Co., a Shanghai-based chemical engineering and construction company that is using China’s ‘Belt and Road’ infrastructure program to expand overseas, agreed last month to repair Venezuela’s main refineries in exchange for oil products including diesel, according to people with knowledge of the deal.

U.S. financial sanctions aimed at starving the current regime of revenue contributed to the decision to revive a domestic refining industry crippled by years of mismanagement and under-investment, said one of the people, who asked not to be identified because the information is confidential."

but of course their generosity is only by way of protecting their loans to the current regime in VZ.

sorry, ain't buyin' it. what next? bloomberg reports that the massive hydroelectric power failures weren't due to cyberhits on 'the maduro regime', but that insiders say that corporation X in china, russia, will fix it all?

up
4 users have voted.

@wendy davis

In contrast, Venezuela only owes Russia slightly more than $3 billion.

Trump may indeed try to stop those ships. The MIC is no doubt goading him into "winning" his own less potentially lethal version of the Cuban Missile Crisis. They are undoubtedly haranguing him that he will lose face if he allows those ships into port.

Also that map is more than a bit off in terms of outright support for Maduro.

up
4 users have voted.
wendy davis's picture

@Wally

maybe you do, i dunno. but have you ever considered that the many ways both china and russia have helped VZ so beleaguered by the Western Empire is in solidarity with them? food, medicine, planes and pilot training, even offers to help strengthen their power infrastructure's grid from cyber-attacks.

i dunno of which map of which you speak, but that's okay. .

up
2 users have voted.

@wendy davis
They are propping up their trading partner. No more - no less.

up
1 user has voted.

Sanders-Gabbard 2020 !

dervish's picture

Sooner or later the world will figure out that life will go on with or without the permission and sanction of US bankers.

Carry on.

up
7 users have voted.

"Obama promised transparency, but Assange is the one who brought it."

Let's do it again!

up
1 user has voted.

government in the 50's and installing our CIA to protect the Big Fruit growers. Then we blame the resulting chaos on the people accepting "socialism" and now we think they need to be starved to death.

Yeah, we are the greatest country in the world.

I hope China and Russia get a toe hold in central America and show us up. Of course, they won't because they couldn't give a rats ass about the Central American people either.

up
7 users have voted.

"Without the right to offend, freedom of speech does not exist." Taslima Nasrin

@Fishtroller 02
The universal lubricant.

up
4 users have voted.

Sanders-Gabbard 2020 !

@The Voice In the Wilderness

up
3 users have voted.

"Without the right to offend, freedom of speech does not exist." Taslima Nasrin