Venezuela: Resistance or disintegration?

latulipenoire said:
And today Mercosur has suspended Venezuela indefinitely:

http://www.reuters.com/article/us-venezuela-politics-mercosur-idUSKBN1AL0IB

[snip]

The decision was announced in São Paulo, Brazil, by a government that has less than 5% of approval of its citizens. It's really sad to see what the media and our corrupt governments will do to slander someone, saying (and lying) that they are worried about the venezuelans.


The decision was announced in São Paulo, Brazil, by a government that has less than 5% of approval of its citizens.

From what I can piece together, the current Brazilian President Temer was the former President Dilma Rousseff - Vice President and worked with the U.S. to oust Rousseff - so he could take her position. Rousseff was deeply involved with BRICS and working towards Brazil being part of the "Silk Road" in trade agreements. Brazil’s national oil company, Petrobas was destined to be involved in those trade agreements and investment options.

The U.S. used Temer to get control of Petrobas but Temer was just as greedy and demanded large sums of money from the oil company. Like the U.S., a good portion of Brazil's Congress "is bought and paid for" and the corruption charges against Temer were dropped. Right after the verdict came in, Temer called on Mercosur to suspend Venezuela - with the support of the Organization of American States (OAS) to help push it through. Nice little game they have going on?

Despite 5 Percent Approval Rating, Brazil’s Temer Survives Corruption Vote
https://sputniknews.com/latam/201708051056201269-michel-temer-survives-corruption-vote/

The 342 votes threshold for the motion pass wasn’t met, as 263 voted against the motion and 227 voted in favor in the 513-seat chamber. Temer was accused of pressuring a top executive in Brazil’s national oil company, Petrobas, into giving him hundreds of thousands of dollars in campaign money.

​Radio Sputnik’s Loud and Clear speaks with Dr. Francisco Dominguez, head of the Centre for Brazilian and Latin American Studies about the vote and why the US has remained relatively quiet about what he calls the erosion of the rule of law in Brazil while salivating over the current political unrest in Venezuela.

Dominguez said there had already been large general strikes in Brazil following the 2016 ouster of former President Dilma Rousseff of the Worker’s Party, including one that garnered the support of 45 million workers because, having expelled her, "the government is violating the constitution and the law literally every single minute of the day."

Temer, who was once Rousseff’s vice president, became a key player in impeachment proceedings against her.

Temer’s colleagues in Congress essentially attempted to sweep the charges against the president under the rug, "which is absolutely unbelieveable," Dominguez said. "Anywhere else in the world where there is something called the rule of law, on the basis of irrefutable evidence of corruption which blatant, flagrant and open … something should’ve been done about it. Because of the constitutional arrangement in Brazil, they decided by a simple vote to stop it."

"The situation was that there was absolutely irrefutable evidence which was in the public domain, publicized and processed by people from the judiciary, but the kleptocrats decided they had the numbers to save [Temer’s] skin," he said.

Dominguez believes that ultimately greed and self interest drove yesterday’s decision. "If they were to accept the charges and trial against Michel Temer, they would be completely open themselves to be liable to be investigated and tried for corruption," he said, "because about 40 to 60 percent of the people in Congress actually face these kinds of charges and some have been convicted of corruption."

Loud and Clear Host Brian Becker pointed out that there hasn’t been any outcry from the US government about Temer and asked Dominguez why he thought that was so.

"The key to the US double standard is a huge amount of very rich, wealthy, lucrative operations… such as the oil industry, which is being privatized," in Brazil, Dominguez replied.

Becker noted that although Washington has not weighed in on Brazilian government affairs, it has been very vocal on the recent political turmoil in Venezuela. Dominguez said this is because "Venezuela is blessed and cursed with having some of the largest oil reserves on the planet, and the United States is absolutely determined to lay their hands on it."

"The one thing the United States doesn’t like is national sovereignty," he said. "If you look at the United States attitude toward the Temer government and the Maduro government, it couldn’t be more stark."


Venezuela will remain a part of South American trade bloc Mercosur despite bloc's decision to suspend the country's membership in the organization, Venezuelan President Nicolas Maduro said.

Venezuela to Remain in Mercosur Despite Decision to Suspend Country's Membership
https://sputniknews.com/latam/201708061056221304-venezuela-mercosur-membership/

On Saturday, foreign ministers of Mercosur, which brings together Argentina, Brazil, Paraguay, Uruguay and Venezuela, decided to suspend the latter's membership due to the violation of democratic principles in the country following the election of the Constituent Assembly, which will be charged with rewriting the constitution.

Venezuela will never be removed from Mercosur. Our soul, heart and life are in Mercosur. Some conspiratorial oligarchies, like in Brazil, or pathetic governments, like in Argentina, can even try to do it a thousand times, but we will always be there," Maduro said Saturday as quoted by Excelsior news portal.

Later on Saturday, the leadership of the Organization of American States (OAS) supported the Mercosur decision on Venezuela.

"The General Secretariat of the Organization of American States (GS/OAS) expresses it support for the decision adopted today to suspend the Bolivarian Republic of Venezuela from MERCOSUR… Democracy and human rights are inalienable principles in the Americas, and their defense and promotion are fundamental values to the community of States that make up the OAS," OAS said in a statement.

The OAS also called on Caracas for stopping "the repression in the country" and establishment of an electoral calendar which includes presidential elections in 2017, as well as the restoration of the full powers of the National Assembly.
 
Caracas (AFP) - A new assembly loyal to President Nicolas Maduro on Saturday fired the country's attorney general, Luisa Ortega, one of his most vociferous critics, triggering a firestorm of condemnation from the US and Latin American nations.

Venezuela slammed for firing dissenting attorney general
https://www.yahoo.com/news/venezuelas-top-prosecutor-says-under-siege-military-002829319.html

Ortega, who was barred by dozens of soldiers from entering her offices, has been a thorn in Maduro's side for months, breaking ranks with him over the legality of the Constituent Assembly, which was elected last week in a vote marred by violence and fraud allegations.

She refused to recognize her sacking, or the assembly's swearing in of Tarek William Saab, the national ombudsman, in her place.

"I am not giving up, Venezuela is not giving up and will not give up against barbarity, illegality, hunger, darkness and death," she said.

US State Department spokeswoman Heather Nauert tweeted that the "United States condemns (the) illegal removal" of Ortega, adding the move was aimed at tightening the "authoritarian dictatorship of (the) Maduro regime."

Colombia, Chile, Guatemala, Mexico, Panama and Peru equally slammed the decision, made by the Constituent Assembly as its very first order of business.

The assembly also said Ortega would face trial for "irregularities" from her time in office and was forbidden from leaving the country.

One of the assembly's most prominent members, Diosdado Cabello, said of the firing: "This is not a personal, political lynching, just carrying out the law."

Ortega's sacking had been widely expected. But its swiftness -- and the fact it was a unanimous vote -- stirred wide unease.

- Lopez returned to house arrest -

Also on Saturday opposition leader Leopoldo Lopez was returned to house arrest after being detained in military prison for four days.

"They just moved Leopoldo home," his wife Lilian Tintori wrote on Twitter. "We continue with more conviction and strength for peace and freedom in Venezuela!"

Lopez had been arrested along with another opposition leader Antonio Ledezma -- who was released back to home detention Friday -- in the aftermath of the highly contested vote to create the assembly.

Maduro and his Socialist party have "completely taken hostage" Venezuela's institutions through "an undemocratic mechanism that is utterly dictatorial," the leader of the opposition-controlled legislature, Julio Borges, told reporters.

The opposition has vowed to maintain street protests against the assembly.

Four months of demonstrations violently matched by security forces have left at least 125 people dead.

But the rallies grew more muted this week as the assembly vowed to go after those seen as inciting street action.

As Ortega's firing was announced, Argentina, Uruguay, Paraguay and Brazil declared Venezuela was indefinitely suspended from the South American trading bloc Mercosur for its "rupture of the democratic order."

The office of the head of the Organization of American States endorsed the suspension.

"The countries of the region... must continue to tell the Venezuelan regime that in the Americas, there is no place for dictatorships or for the tyrants that lead them," it said in a statement.

The international onslaught added to US sanctions imposed on Maduro after the Constituent Assembly's election.

Maduro responded in an interview with an Argentine radio station that "Venezuela will not be taken out of Mercosur -- never!"

He accused his Argentine counterpart, Mauricio Macri, of trying to impose a "blockade" on Venezuela and US President Donald Trump of wanting to grab the country's vast oil reserves.

Trump's national security advisor, H.R. McMaster, this week ruled out foreign military intervention and said Washington did not want to give Maduro a pretext for blaming the US for his mounting woes.

The United States, the European Union and major Latin American nations have all rejected the Constituent Assembly.

The body's legitimacy was struck a hard blow this week when a British-based firm that supplied the voting technology, Smartmatic, said the turnout figure was "tampered with" and greatly exaggerated.

- Supreme powers -

The principal task of the Constituent Assembly is to rewrite the constitution, something Maduro promised will resolve Venezuela's troubles.

"We are going to win back peace," the president said.

While working on its mission, the assembly holds supreme powers over all other branches of government.

But it announced on Saturday that it would stay in place for up to two years -- beyond the end of Maduro's term, due to end in 2019.

Its 545 members, including the president's wife and son, are all Maduro allies because of an opposition boycott during the vote.

It is led by Maduro's fiercely loyal former foreign minister, Delcy Rodriguez, who branded Colombian President Juan Manuel Santos an "usurper" for calling the assembly "illegitimate."

Maduro has around 20 percent public support, according to surveys by the Datanalisis polling firm.

Ordinary Venezuelans are struggling, with food, essentials and medicine scarce, the currency rapidly depreciating, and inflation soaring. Thousands have sought shelter in neighboring countries, particularly Colombia and Brazil.
 
Has it just begun? A week ago we saw scenes of clashes of police and rioters, and a police motorcade being attacked with a bomb, Iraq style. I thought - that's like what happened in Ukraine, when snipers started shooting both civilians and policemen during the clashes, and a few days later Yanukovich was fleeing the country. Now, in Venezuela, we have this:

https://www.rt.com/news/398796-venezuela-military-base-terrorist-attack/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

'Terrorist attack' on military base in Venezuela foiled – official

Authorities in Venezuela have announced they thwarted a "terrorist attack" on a military base not far from the capital, Caracas. The statement comes after a group of men in military uniforms released a video announcing an uprising against President Nicolas Maduro.

Fort Paramacay, near the central city of Valencia, was attacked by "mercenary terrorist groups," Venezuelan official, Socialist Party deputy Diosdado Cabello tweeted on Sunday.

Gunshots were heard in the area during the night, Reuters reported, citing a witness in the area of the military base in the town of Naguanagua.

The official said the base was "fully under control" of the authorities.

Armed men were trying to steal weapons, Reuters reported, citing officials. Seven people were detained, while security forces continue to search for more attackers from the group.

The news of the attack came shortly after a video was released on social media, showing a group of men in military uniform. A man who identified himself as Juan Carlos Caguaripano, a former National Guard captain, called for an uprising against the government, demanding the "immediate formation of a transition government."

Military officials announced on Sunday the attackers were "a group of civilians dressed in military uniforms," headed by a former army lieutenant. The man was dismissed from the service three years ago "for treason and mutiny," the military said in a statement, adding that he reportedly fled the country and was hiding out in the US.


On Friday, a controversial new legislative body was inaugurated in Venezuela, tasked with rewriting the constitution and empowered to dissolve the current parliament. The formation of the new assembly has been widely criticized by opposition forces, who say it is aimed at stripping them of power.

The opposition has also defied a ban on public protests, and denounced the recent election in the country as a power grab by President Maduro. Meanwhile, the US government targeted several senior Venezuelan officials with economic sanctions that President Maduro called "illegal, insolent and unprecedented."

There's also a few youtube videos that have come out today with statements (read in Spanish) of alleged military officers calling for an uprising. I'm not sure how signficant that is though, cause one is from some seargent (not very high rank), and another from a "retired vice admiral" speaking from Miami. But still.

For Spanish speakers:

_https://www.youtube.com/watch?v=7j1j8W7M9BY

_https://www.youtube.com/watch?v=7Wa7ckuNa10

_https://www.youtube.com/watch?v=3I9uEEWHCYU

_https://www.youtube.com/watch?v=R985f2_RlFQ
 
That latest event is truly worrying.

It truly makes me think about the majority of the population. There has to be a section of the population that is unhappy with the government. And these people's interest coincide in part with the interest of these people looking to blow up the country. But a civil war is something no one wants as far as I can see.

And stolen weaponry with paid civilians just sounds like they're getting ready to launch a major strike against the government and the Venezuelan people. And that goes beyond opossition or grievances. At some point the people speaking for the opposition in Venezuela have left behind every single sound idea and have turned the people's anguish into fuel for war.

This is worrying.
 
I saw an Interesting synergy recently.

A Youtuber called Ryan Dawson,
( Made his Reputation, being Very vocal on the palestinian issue,)

Was comparing Venezuala to North Korea.
( Marxist Dictatorship, or
democratic socialism, doesnt matter,
Its all lefty socialism you know )

Then, on the Spanish media ,
they have been Running stories about North Korea , and Following
them up, with the latest news from Venezuala.

Congratulations to america,
on it's 50 years of propoganda.
 
A cyberattack on the Venezuelan state-owned Movilnet mobile operator left 7 million people without mobile communication, country's Science and Technology Minister Hugbel Roa said on Thursday.

Cyberattack on Venezuela Mobile Operator Leaves 7Mln Users Without Communication
https://sputniknews.com/latam/201708101056364146-cyberattack-venezuela-mobile-operator/

From his point of view, the "systematic terrorist attacks" against telecommunication services are being carried out with the support of "foreign agents."

"This Wednesday 7 out of 13 million users of the state-owned Movilnet operator were left without communication," Roa said, as quoted by the Globovision broadcaster.

The minister also said that optical fiber cables were intentionally damaged in seven states.

Along with the Movilnet mobile operator, a number of governmental agencies were also targeted by the cyberattack. The Binary Guardians hacking group claimed responsibility for the attacks.


Venezuela’s Foreign Minister Jorge Arreaza on Wednesday rejected as an attack on democracy a batch of US sanctions against eight Venezuelans who played a role in convening a new assembly.

Venezuelan Foreign Minister Defies New US Sanctions – Statement
https://sputniknews.com/politics/201708101056337651-venezuelan-fm-us-sanctions/

The US Treasury Department announced travel bans and asset freezes for current and former Venezuelan government officials, including Adan Coromoto Chavez Frias, the elder brother of Venezuela’s late leader Hugo Chavez.

"We reiterate that these illegal and absurd actions constitute a clear violation of the international law because their sole purpose is to put pressure on Venezuela’s sovereignty," his statement read.


The recently imposed sanctions against Venezuela do not contribute to the normalization of the situation in the country, pushing it back into deadlock instead, the Russian Foreign Ministry said in a statement Thursday.

Moscow: Anti-Caracas Sanctions Hamper Normalization of Situation in Venezuela
https://sputniknews.com/latam/201708101056359755-moscow-sanctions-venezuela/

On Wednesday, the US Department of Treasury announced the expansion of its sanctions on Venezuela. These measures included travel bans and asset freezes on eight people who played a role in convening the new legislative body, the Constituent Assembly.

"Certain internal and external political forces promote a destructive line aimed at dismantling the emerging dialogue and, in fact, at returning the situation to the initial impasse, contrary to the very logic of developments [in Venezuela] and their own calls for the democratization of the ongoing processes in Venezuela. The expansion of unilateral sanctions and restrictions, isolationist measures, pressure, and the ultimatum toward Caracas applied by a number of countries can hardly be seen in a different light," the statement read.

The Russian Foreign Ministry stressed that the situation in Venezuela could only be addressed through direct negotiations between the government and opposition.

According to the statement, peace in Venezuela depends on the willingness of all parties to return to a dialogue within the Venezuelan Constitution, without any outside intervention, to form a common agenda.
 
Two things stood out last couple of days:

Yesterday:

Venezuela's Maduro wants direct talk with Trump

Venezuelan leader Nicolas Maduro said Thursday, August 10 he wants a one-to-one talk with US President Donald Trump, who has slapped him with sanctions, but stood defiant against "imperialist aggression," AFP reports.

Speaking to a new, all-powerful loyalist assembly he saw installed through elections last month, Maduro said he had instructed his foreign minister to set it up "so I have a personal conversation with Donald Trump."

He said he had also given orders, "if it can happen," for a face-to-face to be organized in New York on September 20 when heads of state and government from around the world gather for a UN General Assembly.

"If he's so interested in Venezuela, here I am. Mister Donald Trump, here is my hand," he said.

But Maduro used substantial parts of his three-hour-plus speech lambasting the "imperialist" US for perceived actions against his regime. "We will never cede to foreign powers," he said.

The United States hit Maduro with sanctions on July 31, the day after the election of the loyalist Constituent Assembly that Washington said was "illegitimate" and in service of a "dictator."

It followed up this week with more sanctions against several members of the assembly.

The measures freeze any US assets of those designated and bar Americans from doing business with them.
Maduro stated that the assembly held supreme powers over all branches of government, even over his position, and that its work -- ostensibly to rewrite the constitution -- would return "peace" to the country.
But the United States and major Latin American nations say Maduro is using the body as a tool to quash dissent, by clamping down on the opposition and the legislature it controls.

Today Trump's response was:

Trump Says 'Military Option' in Venezuela a Possibility

On Friday, US President Donald Trump said that Washington has a menu of options for dealing with the crisis in Venezuela, noting that "a military option is certainly something we could pursue."
 
Maduro announced that the country will conduct military exercises in late August.

Venezuelan President Maduro Announces Military Drills
https://sputniknews.com/latam/201708151056462077-maduro-announces-military-drills/

Venezuela’s President Nicolas Maduro announced that the country will conduct military exercises in late August, responding to US President Donald Trump’s statement regarding possibility of a military operation in the Latin American country.

On Friday, Trump said at a press conference that the United States would not rule out the possibility of a military operation in Venezuela "if necessary." Spokesman for the Pentagon Eric Pahon said the agency had not received any orders regarding Venezuela.

"We are going to conduct integral defense operations … on August 26-27," Maduro said in a speech in Caracas, adding that "millions of Venezuelans" will join the National Bolivarian Armed Forces during the drills.

He stressed that no one can interfere in domestic affairs of the country.

"If you wish for peace, prepare for war," the president said.

Earlier in the day, Venezuelan Defense Minister Vladimir Padrino Lopez said that the country’s defense forces were ready to defend the country and "sacrifice themselves protecting the homeland and its institutions if required."


The Venezuelan government arrested 18 suspects as it makes headway to recover weapons stolen in the Aug. 6 paramilitary assault on a military base.

18 Arrested Following Armed Attack on Venezuela Base
http://en.farsnews.com/newstext.aspx?nn=13960523001481

The manhunt began after a group of 20 men attacked the barracks of Venezuela's Bolivarian National Armed Forces in Fort Paramacay, Carabobo,
TeleSUR reported.

Ringleader Juan Carlos Caguaripano, a former National Guard captain, was caught on Friday.

According to Gustavo Gonzalez Lopez, head of the Venezuela's intelligence service Sebin, another 17 other people had been detained. "We've also recovered part of the weapons cache stolen from the nation," Gonzalez said in a televised report on Sunday, listing 21 Kalashnikov AK-103 assault rifles, three grenade launchers, pistols, body armor and tactical equipment.

In the report, Gonzalez said that the terrorist assault is related "to the ongoing criminal activity of opposition groups that seek the overthrow of President Nicolas Maduro's government."


The Venezuelan Armed Forces are ready to take all necessary steps to protect the country following US President Donald Trump's statement about possible military action against the country embroiled in domestic political turmoil, Venezuelan Defense Minister Vladimir Padrino Lopez said Monday.

Venezuela Army Ready to Protect State by All Means Amid Trump's Threats
https://sputniknews.com/latam/201708141056458307-venezuela-army-protect-trump-threats/

"The Armed Forces of the Bolivarian Republic of Venezuela reiterate their peaceful intentions, but confirm their sacramental oath to sacrifice themselves protecting the homeland and its institutions if required," Lopez said.

The Venezuelan official said that that his ministry condemned the statements of Trump and considered them as "one of the most significant threats" in regards to Caracas.
 
An explosion occurred at a metro station in Venezuela's capital Caracas.

Explosion Occurs at Plaza Venezuela Metro Station in Caracas
https://sputniknews.com/latam/201708161056496712-explosion-venezuela-plaza/

After the incident, passengers were evacuated from the station, while the train traffic experienced serious delays, El Nacional reported citing eyewitnesses.

Local officials said that the incident was caused by technical problems of one of the trains. There was no information available about possible victims.

The station is close to Plaza Venezuela in the geographical center of Caracas.
 
Clashes at a prison in the southern Venezuelan state of Amazonas killed 37 inmates.

Clashes at Venezuelan Prison Kill 37 Inmates, Wound 4
https://sputniknews.com/latam/201708171056528682-venezuela-prison-clashes-kill/

Clashes between rioting prisoners and security forces killed 37 inmates Wednesday in the southern Venezuelan state of Amazonas, the regional governor said.

Gov. Liborio Guarulla said the "massacre" at a prison in the town of Puerto Ayacucho also wounded four inmates, while one managed to escape. Sixty-one prisoners were transferred to other facilities.

The office of Venezuela’s prosecutor general confirmed that an inquiry had been opened into the deaths of inmates. It said 14 officials were injured during the prison violence.


Venezuela’s national intelligence agents searched the house of former chief prosecutor Luisa Ortega Diaz.

Venezuelan Intelligence Agents Raid Home of Former Chief Prosecutor
https://sputniknews.com/latam/201708171056528831-venezuela-raid-prosecutor-home/

Venezuela’s national intelligence agents on Wednesday searched the house of the former chief prosecutor, Luisa Ortega Diaz, hours after her successor sough the arrest of her husband.

"At this moment, the SEBIN is searching my house as part of this government’s revenge for fighting against totalitarianism that exists in Venezuela," Ortega tweeted.

She was fired in early August after an inquiry was opened into her alleged failings. A former ally of President Nicolas Maduro, she criticized his decision to install a new legislative assembly and criticized police brutality during anti-government protests, which have led to over 120 deaths since April.

On Wednesday, new state prosecutor Tarek William Saab asked the Supreme Court to strip immunity of Ortega’s husband and lawmaker German Ferrer, who is suspected by the government of being involved in an extortion scheme.
 
China and the US are going to clash in Venezuela over oil, according to Mikhail Belyat, an expert at the Russian State University for the Humanities who spoke to Sputnik.

US is 'Cracking Down' on China's Interests in Venezuela
https://sputniknews.com/politics/201708171056543705-us-china-venezuela-oil/

The rivalry between China and the US for control of the production and re-distribution of Venezuelan oil will intensify if the US proceeds with its unprecedented political pressure and sanctions against Venezuela, Mikhail Belyat told Sputnik China.

This forecast, however, counters the suggestion, recently voiced by Reuters, that the US could introduce an embargo against Venezuelan crude and exports from the South American OPEC member could be redirected to Asia.

"Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector," the agency said, quoting some traders and analysts.

"China and India, the two biggest buyers of Venezuelan crude after the United States, have room to increase imports while other north Asian refiners with equipment sophisticated enough to handle heavy Venezuelan oil, are seeking opportunities to tap this supply," traders and analysts explained.

On Friday, President Trump threatened Venezuela's government with a number of scenarios that Washington is considering, including a "military option".

Mikhail Belyat however suggested that the US, on the contrary, is pressuring Venezuela in order to gain control over its oil.

"The main US aim in Venezuela is to replace the regime with one more friendly towards the US and finally start pumping and controlling Venezuelan oil," he told Sputnik.

The US economy does not depend on the Venezuelan oil, he further explained, but Venezuelan oil is a strong factor in the global oil market. The oil market, in turn, has a sizable influence on the global economy, thus control of Venezuelan oil might offer strong leverage in the control of global economic processes.

"So, the above is the main purpose of the US. "So, the above is the main purpose of the US.

China's investments into Venezuela amount to $50-60 billion, the expert explained. According to certain estimates, the majority of that was invested in the prospecting and production of oil. If the situation is going to unfold under the US scenario, the American companies which will enter the Venezuelan oil market will rival the Chinese companies, which have been already operating there.

When China had only started entering markets in Latin America, he went on, it entrenched upon the US Monroe Doctrine (America is for Americans, any intervention by external powers in the politics of the Americas is a potentially hostile act against the US.)

China challenged the very essence of this Doctrine and started to rival the US.

"I don't think that there is a serious "war" between China and the US in Venezuela, but there is pretty serious competition between these two powers in Latin America," Mikhail Belyat concluded.

In a separate comment on the issue, Wang Zhimin, head of the Center for the Study of the Globalization and Modernization of China with the Institute of Foreign Economy and Trade, suggested that US actions against Venezuela will inevitably bring political and economic risks for Chinese investments. However there is nothing which could cause the serious concerns of Beijing.

Of course, the economic situation in Venezuela has been less than optimistic since the start of the world financial crisis. For the South American OPEC member, crude is a core of its industry and while world oil prices are falling, it reflects the economic depression of the country.

At the early stage, some Chinese investments in Venezuela were not quite rational, the expert said, as, for example, investments in the construction of high-speed railway. However, all the unfavorable consequences of these investments have already been coped with.

With regards to the oil, a slump in oil prices is not a matter of the last one or two years, he said. China was able to stop the drop-down of its investments into the oil sector of Venezuela. The US however remains the main investor in Venezuelan oil, he said. The scale of Chinese investments into this sphere is relatively small.

In recent years, the majority of Chinese investments in Venezuela were in its agriculture, transport and housing construction. These spheres of industry boost the development of the Venezuelan economy and are not subjected to large political risks, Wang Zhimin concluded.


Moscow believes that sanctions and threats to use force in Venezuela are unacceptable, Russian Foreign Ministry spokeswoman Maria Zakharova said Thursday.

Moscow Slams US' 'Unacceptable' Threats to Use Force in Venezuela
https://sputniknews.com/latam/201708171056544865-venezuela-sanctions-force/

US President Donald Trump said August 11 that Washington was considering the possibility of a "military option" in Venezuela in case it was necessary.

Venezuela is now showing the first signs of a decline in violent confrontation between the opposition and government supporters, Zakharova stated.

Against this background, the position of some world leaders, who do not notice the new political realities emerging in Venezuela, cannot but cause concern. Continuing attempts to destabilize the situation, to exert pressure on the Venezuelan authorities, carry an extremely destructive impetus, because they threaten the frail emerging balance," the spokeswoman added.

Zakharova noted that Moscow deemed unacceptable unilateral economic sanctions against Venezuela, which would strike at the most vulnerable groups of the population first of all.

"Threats of the possible use of foreign military force… are even more unacceptable [than economic sanctions against Venezuela]… Such statements go against the principles of international law on non-interference in internal affairs of sovereign states and the refusal to use force. We regard such statements as an attack not only against Caracas, but also against the region as a whole," Zakharova told reporters.
 
The Fitch agency downgraded on Wednesday the rating of Venezuela to the CC level, which means that the country faces a great risk of default.

Fitch Downgrades Venezuela’s Rating to CC, Notes Great Risk of Default
https://sputniknews.com/business/201708311056940968-fitch-venezuela-downgrade-default/

"Fitch Ratings has taken the following rating actions on Venezuela's sovereign ratings: long-term foreign and local currency IDRs downgraded to 'CC' from 'CCC'; senior unsecured debt downgraded to ‘CC’ from ‘CCC’; short-term foreign and local currency IDRs affirmed at 'C'; country ceiling downgraded to 'CC' from 'CCC,'" Fitch said in a statement.

The agency pointed out that the threat of default was caused by the new US sanctions against Venezuela.

Venezuela's downgrade reflect Fitch's view that a default is probable given the further reduction in financing options for the Government of Venezuela following the imposition of additional sanctions on Venezuela by the US government on Aug. 25, 2017," the statement added.

The sanctions ban US citizens from or entities from a number of financial transactions with the Venezuelan government of the country’s PDVSA oil and gas company.


Venezuela's Foreign Minister Jorge Arreaza said the Latin American country has offered 5 million dollars in aid to the victims of Hurricane Harvey across US Southern states.

Venezuela Offers 5 Million Dollars in Harvey Aid
http://en.farsnews.com/newstext.aspx?nn=13960609000343

Arreaza said in state television, the money would come from Citgo Petroleum, the government-run oil company with a refinery in Corpus Christi, Texas, Mercury news reported.

The foreign minister said the aid will be directed to local mayors and be aimed at the construction of homes and shelters around Houston. “We express our solidarity with the Americans affected by the hurricane,” he said, according to Reuters.

“When an American fills his tank at a Citgo gas station, he’ll be contributing to the rebuilding of the affected communities.”

It’s not clear whether the United States will accept the aid or not. The State Department did not return calls for comment.

A few days ago, Mexico offered “help and cooperation.” The State Department did not say whether it’ll take the country up on the offer, explaining in an email to The Post that “if a need for assistance does arise, we will work with our partners, including Mexico, to determine the best way forward.”

Venezuela has a long history of trolling US leaders with kindness.

In 2005, Citgo offered $1 million in disaster relief for victims of Hurricane Katrina. It also offered food, water, fuel and other assistance. The Bush administration rejected the aid, calling it “counterproductive.”

That same year, Citgo began delivering discounted or free heating oil to low-income Americans. The program – which eventually served more than 1.7 million Americans in 25 states and Washington, DC was celebrated by the likes of Joe Kennedy Jr. Kennedy, who ran Citizens Energy, said that Chavez cared for the poor when “some of the wealthiest people on our planet have more money than they can ever reasonably expect to spend.”

There were other efforts, too. Chavez was particularly partial to the South Bronx, where he donated millions of dollars over the years. That money funded after-school classes, literacy programs, food cooperatives and the restoration of the Bronx river.

One woman, Lucia Solano, remembers “stalking” Chavez when he came to visit the New York borough in 2005. Her nonprofit was $18,000 behind on rent, and Solano believed Chavez might help. She finally wrangled her way to the leader and made her case. He soon sent her a check to cover the rent.
 
US blockade prevents 18 million boxes of food reaching Venezuela, commentators still blame Bolivarianism
http://www.fort-russ.com/2017/09/us-blockade-prevents-18-million-boxes.html

The Vice President of Venezuela’s National Constitutional Assembly, Aristobulo Isturiz, revealed that the US imposed economic blockade on Venezuela has prevented 18 million boxes of food from reaching the country that is suffering from food shortages.

He then went onto highlight that the sanctions affect ordinary Venezuelan people and not the country's leadership, just as US-imposed sanctions on Syria are having the same effect.

Isturiz then revealed that allied countries had to make payment for the food to be reached as the US sanctions prevents Venezuela from making such purchases.

TeleSUR explained that while Venezuela does have a food crisis that has resulted in mass food shortages, the blame is often pinned on the country’s socialist government and that government officials accuse right-wing opposition forces and their allies in the private sector and in international finance of intentionally sabotaging the economy.

The same report continued to explain that last year, over 750 opposition-controlled offshore companies linked to the Panama Papers scandal were accused of purposely redirecting Venezuelan imports of raw food materials from the government to the private sector. Many of these companies sell their products to private companies in Colombia, which resell them to Venezuelans living close to Colombia.


Venezuelan opposition figures who are engaged in a European tour to win support to apply pressure on the Venezuelan government have met with French President Emmanuel Macron on Monday at the Elysee presidential palace in Paris.

French president meets Venezuela's opposition MP's
http://www.fort-russ.com/2017/09/french-president-meets-venezuelas.html

Macron promises to the US-backed opposition that France will lead European dialogue towards “adopting measures targeting those responsible for this situation,” referring to the crisis in the Latin American country.

Earlier in the day, Venezuelan Foreign Minister Jorge Arreaza said he had filed complaints with the ambassadors of France and three other European countries planning to meet with the Venezuelan opposition figures during their European tour for interference in the nation’s internal affairs, PressTV reported.

“These types of expressions are absurd and offensive to the functioning of Venezuelan democracy and its institutions,” Arreaza said.
 
Maduro announced dropping the US Dollar in gas and oil trade:

https://sputniknews.com/latam/201709091057234795-venezuela-plans-drop-usa-dollar/

Venezuelan President says that the country is going to trade in oil, gas and gold using currencies other than the US dollar.
CARACAS (Sputnik) — Venezuelan President Nicolas Maduro said Friday his country was going to trade in oil, gas and gold using currencies other than the US dollar, in response to Washington’s new financial sanctions.

"I have decided to start selling gas, oil, gold and other commodities sold by Venezuela using other currencies, including the Chinese yuan, the Japanese yen, the Russian ruble, and the Indian rupee," he said in a televised address.

The president again accused Washington of using illegal monetary and trade practices to destabilize the national economy and usher in a change of power. Venezuela has been suffering from low oil prices and major shortages of food and medicine.
 
Ant22 said:
Maduro announced dropping the US Dollar in gas and oil trade:

https://sputniknews.com/latam/201709091057234795-venezuela-plans-drop-usa-dollar/

Venezuelan President says that the country is going to trade in oil, gas and gold using currencies other than the US dollar.
CARACAS (Sputnik) — Venezuelan President Nicolas Maduro said Friday his country was going to trade in oil, gas and gold using currencies other than the US dollar, in response to Washington’s new financial sanctions.

"I have decided to start selling gas, oil, gold and other commodities sold by Venezuela using other currencies, including the Chinese yuan, the Japanese yen, the Russian ruble, and the Indian rupee," he said in a televised address.

The president again accused Washington of using illegal monetary and trade practices to destabilize the national economy and usher in a change of power. Venezuela has been suffering from low oil prices and major shortages of food and medicine.

Looks like - ALL those sanctions are starting to backfire? Ex-CEO of ExxonMobile Tillerson is probably screaming (in the back halls) of the White House?
ExxonMobile was planning to tap into the Venezuela oil market - at a reduced price - when the sanctions took their toll on the economy. Even China and Iran will be using Yuan in exchange for oil.

Nicolas Maduro stated that Venezuela had already begun publishing prices for its oil in Chinese yuan in a bid to avoid the US dollar and counter US sanctions.

Venezuelan President Commits to Pricing Oil in Yuan to Counter US Sanctions
https://sputniknews.com/latam/201709161057445706-venezuela-oil-yuan/

Venezuela began publishing prices for its oil in Chinese yuan in a bid to avoid the US dollar and counter US sanctions, the country's President Nicolas Maduro said.

"We are already pricing [oil] in Chinese yuan… because of the sanctions which were facilitated by [opposition politician] Julio Borges and which were adopted by [US President] Donald Trump. They have caused great damage… And we are forced to defend ourselves," Maduro said Friday in an announcement aired by the TV network Telesur.

Maduro has already said in the past that Venezuela was going to free itself from the "vice of dollar."


Assisting Tehran with sidestepping an ongoing Washington sanctions regime against the country, China has opened a $10 billion line of credit intended to finance energy, transportation, water and other key Iranian infrastructure projects.

US Sanctions Continue to Backfire: China Opens $10 Billion Credit Line for Iran
https://sputniknews.com/business/201709171057456688-china-10billion-credit-for-iran/

According to Iranian Central Bank President Valiollah Seif, Chinese state-owned CITIC investment company has opened a $10 billion credit line to several banks in Iran to be used to fund wide-ranging infrastructure projects in the country, according to a report by the Times of Israel.

The significant credit line will primarily use euros and yuan to bypass the US sanctions.
 
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