Did you know that despite claims by current U.S. President Donald Trump, Russia is asserting unwavering control over its oil assets in Venezuela? In a dramatic geopolitical standoff, Moscow declared that oil assets developed by Russian firms in Venezuela are unequivocally Russian property and operations will continue. This defiant stance comes after President Trump openly spoke of controlling Venezuela’s immense oil reserves and arresting its leader, Nicolas Maduro, whom he labeled a drug-trafficking dictator. For instance, the U.S. previously imposed sanctions on Rosneft units for trading Venezuelan oil, leading to Roszarubezhneft acquiring these holdings. Russia maintains its ownership is fully compliant with Venezuelan and international law, bolstering its long-standing energy and military ties with the South American nation. Furthermore, the U.S. has escalated tensions by seizing a Venezuela-linked, Russian-flagged oil tanker. While Russian President Vladimir Putin has remained publicly silent on the alleged U.S. operation against Maduro, Russia’s foreign ministry has urged Maduro’s release and called for dialogue. With Venezuela’s National Assembly recently extending joint ventures with Russian firms for 15 years, this struggle for influence over the world’s largest oil reserves is far from over. The high stakes involved underscore a complex international power play. Don’t miss out on more critical global developments; make sure to subscribe to our channel for the latest updates!
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