Not just oil: Trump’s other interest in Venezuela

Not just oil: Trump's other interest in Venezuela

It was feared and it has happened. This morning, US President Donald Trump has ordered, including military targets, within his pressure campaign against the regime of

The Government of Venezuela has denounced a US “very serious military aggression” and has ordered “the deployment of the command for the comprehensive defense of the nation.”

The world holds its breath in the face of a conflict that goes beyond the supposed fight against drug trafficking initiated by Trump with the cascade of attacks on drug boats of the last few weeks.

No one is aware that Venezuela is a rich country in terms of oil reserves, but neither crude oil nor the supposed defense of the Venezuelan people are all the arguments that are on the balance, and even less so in a world of delicate international balances.

A few weeks ago, I analyzed whether Trump’s interest in world peace was genuine or interested, with an eye on Ukraine and Venezuela. Little will surprise the spoiler: no. There is money and power at stake.

The alliances that pull the strings

“Russia has been a historical ally of Venezuela since the time of Hugo Chávez; and China, for its part, is the main creditor of the Latin American country. That is, China is the country that allows Venezuela to save its immense debt; it transfers huge amounts of money to Caracas that it then recovers in the form of barrels of crude oil,” he recalled in this article.

As Juanatey pointed out, “with the Ukrainian rare earths, the peace/trade agreement with Russia and the control of Venezuelan oil, The United States seeks to counteract Russian geopolitical power, but, above all, Chinese power“.

“The return of the spheres of influence is defended with cannon fire”

According to a report from the Barcelona Center for International Affairs (CIDOB), a reference think tank on foreign affairs, which our colleague Carmen Rengel includes in a topic that we will publish soon, “Trumpism has inaugurated a new era in the instrumentalization of economic and technological coercion“.

“In the midst of the disintegration of multilateralism, impunity is entrenched, and the return of spheres of influence is defended with cannon fire, acting against international legality, as is happening in Ukraine, Gaza or the West Bank,” reports CIDOB.

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