Putin’s and Xi’s sunk costs: Why Trump’s Venezuela oil gambit could be bad news for Russia and China
Putin’s and Xi’s sunk costs: Why Trump’s Venezuela oil gambit could be bad news for Russia and China
Putin’s and Xi’s sunk costs Why Trump’s Venezuela oil gambit could be bad news for Russia and China — Meduza
cross-posted from: https://lemmy.sdf.org/post/48645217
[...]
Trump’s Venezuela gamble threatens to upend years of painstaking work by Russia and China in a country that holds the world’s largest proven oil reserves. Both powers have invested heavily in Venezuelan crude, infrastructure, and political ties, filling the vacuum left by Western companies under sanctions. A potential U.S. return would not only challenge these positions but could also weaken China’s access to discounted oil and undercut Russia’s influence in Latin America.
[...]