6 November 2018 — Oriental Review
Russia dispatched financial advisors to Venezuela upon Caracas’ request.
The Russian team landed in the country’s capital a day after a Chinese delegation, making some wonder whether the two Great Powers are coordinating their efforts to save their shared Latin American partner’s economy. Both countries have an interest in ensuring the success of President Maduro’s latest reforms in order to safeguard the stability of his democratically elected and legitimate government, which is responsible for repaying the loans that they issued it over the past couple of years and also fulfilling the energy cooperation contracts that were signed between them too. An American-backed regime change could therefore lead to the newly installed “authorities” backtracking on these commitments and looking for “legal loopholes” to avoid honoring them, which is why Russia and China’s financial advisory assistance to Venezuela should be understood through the perspective of “regime reinforcement”.