That is better than Venezuela controlling it.
Putin has forgiven their debt many times. Nothing new.
Russia’s got plenty of their own oil, and yet they’re still a third-world country (albeit with nukes).
Is the name going to change to Citolov?
Product of Davos.
1. Get country to go Socialist by propaganda and carefully placed operatives.
2. Country goes broke.
3. Take over country. Make big profit from their resources.
“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.”
The big difference between Russia and others that loaned money to Venezuela, Putin will kick their @ss and steal their gas!
The Art Of The Deal.
Sounds like good business to me.
How about the US allowing Communist China to control the Panama Canal? Which is worse? The enemy with billions of single men, who enslaves people and kills dissidents openly, or Russia which has been happily trading secretly with the US since pre-Bolshevism.
“We’re currently in a battle with the Russians (among others) for dominance in the international oil and gas market. We’ve only recently gained the upper hand in that arena, but with Russia now owning half of Citgo and holding the banknotes on much of Venezuela’s proven crude oil reserves, that’s going to give them a serious leg up.”
Beg to differ, “We’re...” are not in a battle or gained the upper hand. Maybe US hydrocarbon companies and their share holders are and have. But unlike Russia and Venezuela the US does not own an oil company. So if Russia wants to help drive down oil prices I cannot see the down side.
At least the socialists don’t have it.
These deals are going to end up causing wars.
Is Russia trying to “OPEC” America?
CC
And when Maduro and the Chavistas are overthrown, the new government will cancel all contracts and re-nationalize whatever is owned by the Russian and Chinese supporters of the previous regime
Russia floods countries with propaganda before moving in. The new red diaper doper babies and various other antisemitic clowns lap it up.
Iran Placing Medium-Range Missiles in Venezuela; Can Reach the U.S.
http://www.freerepublic.com/focus/news/2640111/posts
‘Die Welt’: Iran building rocket bases in Venezuela
http://www.freerepublic.com/focus/f-news/2721122/posts
Fears Of Iran Nuclear Weaponizing Lead To Brent Break Out
(Iran’s possession of nuclear weapons sending oil prices high)
http://www.freerepublic.com/focus/f-news/2804266/posts
Venezuela’s oil is one of the most difficult to refine in the world, thus far less desirable that almost any other source. Only a few refineries (mostly in the US) can actually handle it.
Poll: Russian nostalgia for Soviet Union reaches 13-year high
http://www.freerepublic.com/focus/f-news/3715099/posts
Obama Doctrine supplants Monroe’s (”Speak Soft & Do Less” on Iran Missiles in Venezuela)
http://www.freerepublic.com/focus/news/2919443/posts
IAEA report: Iran continuously worked to produce a nuclear bomb since 2003
http://www.freerepublic.com/focus/bloggers/2804327/posts
I wonder if Russia is going to help Maduro the crook take over Guyana territory off shore for oil now.