Donald Trump: United States President Donald Trump has remarked that Venezuela would “turn over” $2 billion worth of crude oil to the United States. This could possibly mean that supplies would be diverted from China to help Venezuela avoid deeper oil production cuts.
In a post on Truth, Trump said the Venezuela crude oil would be sold at the market price and USA would control the money. Venezuela’s state company PDVSA and government officials did not commented on Trump’s remarks.
Why Are China and Russia Silent To Donald Trump Remarks?
China, which has been the top Venezuela crude oil buyer for a decade, has avoided escalation till now. Many believe that Beijing does not see a point in confrontation. Russia too has shown similar restraint. This stance by Russia and China as sidelined players is seen by many analysts as a premeditated ploy between the three superpowers.
Russia and China possibly fears that any confrontations with Trump could result in broader sanctions or tariffs without regaining influence. There may also be a possibility of a tacit acceptance or backchannel negotiations.
