Family Secret Old Dry Body | Venezuela defaults, China accounts for half, China and Russia can join forces to pay back debts…

Russia ranks second

Seek wealth in danger

But some countries seem to have neither security nor wealth

The acting Venezuelan President Delcy Rodriguez officially announced that the interim government does not recognize the legitimacy of Maduro and his government, nor does it assume any national debt accumulated during Maduro’s tenure.

This statement has two meanings:

• The Maduro government is not legitimate, so the United States capturing Maduro is no longer a problem.
• The debts Maduro borrowed from “other countries” are also not legitimate, and Venezuela will no longer be obligated to repay them. This means that the United States’ control of Venezuela’s oil revenue will no longer be disputed.

This is, of course, what the United States expects, and is interpreted as a “certificate of merit.”

Because Venezuela’s largest creditors are China and Russia.

According to international law, as long as it can be proven that the borrowing government “lacks democratic legitimacy” and its borrowing behavior is mostly used to maintain autocratic rule, personal corruption, or improper purposes, it is a “notorious debt”, and the new government has the right to refuse to inherit it.

After 1911 and 1949, China also had similar measures.

If this statement is implemented, then China and Russia will become the biggest losers.

Venezuela’s foreign debt is estimated to be between 65 billion and 150 billion US dollars, with China holding 1/3 to 1/2 of it, about 20-50 billion US dollars. Maduro promised to use the “oil-for-loan” method to offset it with preferential oil prices.

Secondly, Russia, mainly for arms and energy cooperation.

Previously, the rogue Trump had informed the Venezuelan interim president Rodriguez that he must sever economic ties with China, Russia, Iran, and Cuba, and only cooperate with the United States in oil production.

On January 7, the foreign affairs spokesperson said: I want to emphasize that the legitimate rights and interests of China and other countries in Venezuela must be protected.

This is of course, but now that the debt has been defaulted, although the United States welcomes China to buy oil, it must pay for the oil and cannot enjoy the previous preferential price, which is equivalent to not recognizing this loan.

The relevant legal disputes are probably difficult to change the reality of billions of dollars going down the drain.

What can China do about this? My suggestion is, absolutely refuse, fight to the end!

Although wealth is sought in danger, in the “old friend” area, even European and American companies that rely on big trees dare not enter. Other countries’ companies that want to enter must be prepared to return naked.

Therefore, in those years, many companies followed with trepidation. There were also companies with low awareness that were unwilling to follow, and were therefore criticized.

Of course, not just China. Russia’s losses in Venezuela rank second, and its investments in Syria, it seems, cannot be preserved at the moment.

Some not-so-correct sayings among the domestic public say that domestic investment should not go south, and international investment should avoid old friends, which seems not entirely unreasonable.

Fortunately, the leaders have a long-term vision, and everything is under control!

Especially, as long as the two major countries, China and Russia, which have suffered losses this time, stand shoulder to shoulder and deepen cooperation back to back, the international order will not be disrupted, the world’s justice will not fall, and hegemonism will not win!