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Grainne@lemmy.dbzer0.com

Putin’s and Xi’s sunk costs: Why Trump’s Venezuela oil gambit could be bad news for Russia and China (meduza.io)

submitted 4 months ago by Hotznplotzn@lemmy.sdf.org to c/world@quokk.au

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cross-posted from: https://lemmy.sdf.org/post/48645217

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[...]

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.

[...]

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[–] PugJesus@piefed.social 3 points 4 months ago

Maybe it's just bad news, fucking period.