A week ago, around 100 Russian military personnel were deployed to Venezuela to instal a military helicopter training facility, but details of the Chinese PLA mission have not been disclosed.
According to a recent report in the LA Times, "Over the decade ending in 2016, China loaned Venezuela approximately $62 billion, much of which Caracas could repay with oil. Moscow in the last several years gave Venezuela $17 billion in loans and investment, and in December the two governments signed a new deal in which Russia will invest $6 billion in Venezuela's oil and gold sectors."
Interestingly, the LA Times report made a distinction that China and Russia pursued different attitudes toward their financial commitments in Venezuela, with China being "More pragmatic" and Russia "More ideological".
Many US analysts assumed that China might even be losing faith in President Nicolas Maduro and decided to keep its head beneath the parapet preferring to focus on its lending practices in Venezuela and even scouring for bargain-basement deals.
If the Russian and Cuban presence in Venezuela has been bad enough for the Trump administration, the arrival of the PLA troops will be a bitter pill to swallow, given extensive Chinese involvement in Latin America.
China is joining Russia to assert the intention to safeguard its vital interests in Venezuela.
No doubt, the PLA deployment to Venezuela is at once a game changer in the crisis situation surrounding that country.
http://www.ronpaulinstitute.org/archives/featured-articles/2019/april/03/china-s-pla-troops-in-venezuela-is-game-changer/
According to a recent report in the LA Times, "Over the decade ending in 2016, China loaned Venezuela approximately $62 billion, much of which Caracas could repay with oil. Moscow in the last several years gave Venezuela $17 billion in loans and investment, and in December the two governments signed a new deal in which Russia will invest $6 billion in Venezuela's oil and gold sectors."
Interestingly, the LA Times report made a distinction that China and Russia pursued different attitudes toward their financial commitments in Venezuela, with China being "More pragmatic" and Russia "More ideological".
Many US analysts assumed that China might even be losing faith in President Nicolas Maduro and decided to keep its head beneath the parapet preferring to focus on its lending practices in Venezuela and even scouring for bargain-basement deals.
If the Russian and Cuban presence in Venezuela has been bad enough for the Trump administration, the arrival of the PLA troops will be a bitter pill to swallow, given extensive Chinese involvement in Latin America.
China is joining Russia to assert the intention to safeguard its vital interests in Venezuela.
No doubt, the PLA deployment to Venezuela is at once a game changer in the crisis situation surrounding that country.
http://www.ronpaulinstitute.org/archives/featured-articles/2019/april/03/china-s-pla-troops-in-venezuela-is-game-changer/
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