Russia, China To Benefit From U.S. Sanctions On Venezuela
As well as rumors that, if true, could
end up completely collapsing the South American country – sanctions on
Venezuela’s national oil company, PDVSA. See, Venezuela is now on the brink of
total collapse, and PDVSA looms large in this unfolding crisis. The focus is
the company’s ability to pay its bond interest. Doing so is crucial, but
prospects are grim. Along with that goes the ability of the central government
to administer an entire population and avoid the country descending into
outright civil war. And that’s pushing the Venezuelan government right into
Russian and Chinese hands.More…
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