How China and Russia are losing ground in Venezuela's oil to the U.S.: what will happen to their agreements?

How China and Russia are losing ground in Venezuela’s oil to the U.S.: what will happen to their agreements?

The oil agreement with the United States reduces the space that China and Russia occupied in Venezuela for years, although Caracas assures that its commitments with both countries remain in force. For political scientist José Vicente Carrasquero, the key lies in who now controls the resource: “The oil still belongs to Venezuela, but the control of those 65 billion barrels is being assumed by the United States.”

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