Can Russia & China Rescue Venezuela? | WHAT REALLY HAPPENED


Can Russia & China Rescue Venezuela?

From the majority of headlines on Venezuela, one would be left with the very strong impression that the country is already dead and it just doesn’t know it. Yet there is at least one other country that has an interest in not letting this happen. That’s China, of course, and if we add Russia to the ally list, things start to look a bit differently.

Both China and Russia have extended massive credits to Caracas. Letting the country “die” is not an option that either Beijing or Moscow would gladly accept. This means that they would more likely than not step in to help keep it on its feet in case of harsher sanctions.

So, it may be a little early to talk about death knells and last nails in the coffin of the Venezuelan economy. Chances are that Washington is aware of the role that China and Russia could play there. Otherwise they would have already gone ahead with the broad oil sanctions, despite potential headaches for U.S. refineries.

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