Maduro’s predecessor, Hugo Chavez, leveraged the nation’s vast oil and mineral reserves to secure billion-dollar loans and deals with China, Russia, Cuba and Iran to build up the country’s infrastructure. The alliance, however, began to falter when oil production fell and civil unrest spiked after Maduro took office in 2013, with the deals becoming further complicated after the US imposed sanctions on Venezuela’s oil industry in 2019. The situation has been playing out similarly to that of Iran during the 12-day war over the summer, when Russia and China did little to help Tehran to prevent the American-Israeli bombings.
Author: Ronny Reyes
Published at: 2025-11-30 22:28:52
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