Thursday, November 16, 2017
The Russian White Knight
If anyone could save Venezuela, we could not imagine it being Russia. As it turns out, Russia is restructuring the debt of $3.2 Billion to offer more favorable terms to keep them from defaulting on their debt. This allows one more breath for the country which owes the world $142 Billion. Russia and China have put a lot of money into Venezuela as a friend a long way from home. China gets oil in return, Russia not so much. Both get political support in our hemisphere, being scooped up at a fairly fast pace in the years of past Presidents. Maybe nobody pays attention to South America, but the two allies sure have been.
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