Russia Ready To Seize Control Of The World’s Largest Oil Reserves

posted in: News, Russia

The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry. Russian TASS reports, quoting El Nacional, that the radical move is being discussed as … Read More

Venezuela hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage

posted in: News, World News

Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More

Venezuela’s Collapse Frays Its Economic Ties With Russia

posted in: News, Russia

President Nicolás Maduro of Venezuela, center left, meeting with President Vladimir V. Putin of Russia, center right.CreditCreditPool photo by Maxim Shemetov MOSCOW — In his toughest moments, Venezuelan President Nicolás Maduro has turned to Russia for support. When the United … Read More

US, Russia Vie Over the Future of Venezuela

The crisis in Venezuela is only getting worse by the week. And with Russian backing, it looks less likely that dictator Nicolas Maduro will step aside. Ana Quintana of The Heritage Foundation explains what’s at stake, and what’s going on. … Read More

Kremlin’s troop deployment frustrates U.S. ambition in Venezuela

posted in: News, Russia

Editor’s Note: Kang Jie is an assistant research fellow at the China Institute of International Studies. The article reflects the author’s opinion, and not necessarily the views of CGTN. A week ago, two Russian military transport aircraft transported 100 troops and … Read More

Russia: Venezuela hasn’t asked for military assistance

posted in: News, Russia

MOSCOW (AP) – A senior Russian diplomat says Venezuela hasn’t asked Russia for military assistance amid the South American country’s political crisis. Alexander Shchetinin, the head of the Russian Foreign Ministry’s Latin America department, said Monday that Moscow hasn’t received … Read More