CARACAS/HOUSTON (Reuters) - Venezuela’s unraveling
socialist government is
increasingly turning to ally Russia for the
cash and credit it needs to survive – and offering prized state-owned
oil assets in return, sources familiar with the negotiations told
Reuters.
As Caracas struggles to contain an
economic meltdown and violent street protests, Moscow is using its
position as Venezuela’s lender of last resort to gain more control over
the OPEC nation’s crude reserves, the largest in the world.
Can I keep it all straight? Nope. But it sounds about right ... follow the money and marvel at U.S. ...err... diplomacy.
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