Russia makes one of the best political and economic plays against Washington. It turns out that after the new package of sanctions approved by the European Union promoted by the White House and the approval of the cap prices for Russian crude now Moscow will take away from Washington the privileges it obtains through PDVSA.
But how will the Kremlin manage to curb biden’s policies and intentions? It is very simple after the 11 bilateral agreements signed by Caracas and Moscow where they reinforce mutual cooperation with respect to hydrocarbons, Washington trembles after the Russian strategy, details below.
Russia squeezed Washington after arriving in Caracas and puts a stop to the privileges that PDVSA offers to the neoliberal power of the North.
The truth is that the White House no longer has an escape and will have to scrutinize gas in other taps to sell it to its European allies, but what caused the big turn in Moscow and why does Washington fear running out of hydrocarbons? after PDVSA agreed with the largest Russian crude company Rosneft to sell it the German company Ruhr Oel GmbH participation of four refineries a few years ago. Things have changed and it is that with this agreement it became the largest oil company in the country
The State company of Moscow has 18% of the refining capacity, however the situation became more tense since Caracas moved its PDVSA offices from Lisbon in Portugal to the Eurasian capital in 2019, these decisions and historical references conditioned that in 2022 with the sanctions on Russian crude and the measures to block its gas pipelines, Moscow can also decide on the direction it gives to each of its productions and exports and it is for this reason that Russian Deputy Prime Minister Alexander Novak met with Venezuelan oil minister Tareck El Aissami and addressed the volatility of the oil market and the state of Venezuela’s outstanding debts with Russia, also participated in an intergovernmental commission that is carried out regularly as part of the responsibilities that concern him for the ties of Moscow with the Organization of the Petroleum Exporting Countries.
Novak’s idea is to avoid a price cap that was approved by the ministers that make up the European Union and to strengthen his relationship with Caracas, whom he calls one of his greatest commercial allies; In this sense, the Russians also want Chevron to be expelled for falsifying the contract with PDVSA, whose relations are illegal and false and imposed by Washington in its attempts to impose neoliberal unconstitutionality.
We highly value the character of allies, adds Novak through a translator and broadcast on State television, while warning of the need to unite against imperialism, we stress the importance of continuing to work together to stabilize the international energy market even under OPEC Plus noted.
He also stated that oil and gas producing countries are the solid foundation for our trade and economic cooperation and later stressed that he continues to show resistance despite the sanctions imposed by Western nations, also the Vice Prime Minister at the headquarters from the state oil company PDVSA warned that there is a lot of pressure from the sanctions against Venezuela and against Russia, which is why I celebrate the signing of 11 bilateral agreements that include everything from the supply of medicines to services to oil wells.
The Venezuelan Oil Ministry in a statement reported that Moscow is negotiating with Venezuela a bilateral debt restructuring agreement and also the possible adoption of the Russian MIR card payment system that is already used in Cuba, South Korea, Türkiye, Vietnam and some former Soviet Republics.
But while these decisions are being made and analyzed internally, there are other issues for which Russia landed in Caracas to avoid the world debacle.
It turns out that it may be the end of Chevron for which Biden would end up totally destroyed, at all costs Russia demands a total stop on the sale of crude oil to Chevron for export to Washington as well as the exclusive use of the productions of the mixed company.
The truth is that Washington tried to install a monopoly as there was only one buyer with all the distortions that this implies, which is why they tried to make the blockade measures for Venezuelan oil more flexible, but Caracas did not allow itself to be confused, so much so that at first glance The Venezuelan state disagrees with Chevron’s roles, especially due to the big degree of uncertainty due to the fact that the contract signed by PDVSA with Chevron has not been published, which could contain some explanation, nor did the national assembly previously consider and approved, said contract in clear violation of article 150 of the Constitution and therefore without the accountability that the government owes to the Venezuelan people, at the same time this illegal and unconstitutional contract sets a precedent in the South American nation as it will allow other oil transnationals interested in exploiting oil Venezuelan also demand control of the management of oil activity, therefore Russia and Venezuela oppose the test that Washington carries out in Latin America and the Caribbean as a colonial model of coercion applying force and blackmail of economic sanctions to impose decisions of their governmental bodies on other states bypassing their legal frameworks and constitutional.
The truth is that the Russian landing in Caracas has had an unexpected turn. It is possible that Moscow buys all the Venezuelan oil and ends up asking Venezuela for the forced departure of Chevron. The Kremlin supports Nicolás Maduro and ipso facto personified himself in Caracas to end the privileges that the Chevron’s bogus contract with the White House
References:
Juan José del Castillo director del Canal Prensa alternativa
Venezuela y Rusia firman acuerdos en sectores estratégicos
Stake in Ruhr Oel GmbH
