Venezuela - US Conflict: News, Updates

The Russians have embarrassed themselves by sending a Ship + Sub, and then sitting on the side-lines to see the ship occupied. What was the point of the Russian action ?

If they had put some soldiers on the ship, that may have deterred, but they didn't.
 

Venezuela Braces for Economic Collapse From U.S. Blockade​

Venezuela could lose the bulk of its oil export revenues this year if the U.S. blockade stays in place, according to internal government estimates, a scenario that would set off a humanitarian crisis.


Oil exports account for about 40 percent of Venezuela’s public revenue, according to estimates by Francisco Rodríguez, an expert on the Venezuelan economy at the University of Denver. Mr. Rodríguez, who is not related to Delcy Rodríguez, added that the oil industry’s true economic impact is even larger, since much of the country’s remaining economic activity is financed by revenue from crude sales.

Venezuela’s financial outlook is complicated by the fact that the government derives little direct financial benefit from Chevron’s exports. Its exemption from sanctions issued by the U.S. Treasury Department prohibits the company from actually making most payments to the Venezuelan government.

Instead, Chevron compensates PDVSA for the right to pump oil from its fields by giving the company part of the crude from joint projects. But PDVSA has struggled to sell its share of that crude in recent weeks, putting pressure on its limited storage facilities.


Most of the brunt of the collapse of the oil revenue would be felt by the Venezuelan population, said Mr. Rodríguez, the economist.

“We would see a massive recession,” he said. “You will get either a famine or mass migration.”
 
VCheng said:
Of course it is not the end of the world if EU can start paying for its own defense. They will have to make adjustments, sure, and that is up to them to decide.
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Trump does not pay a penny to Ukraine defense. Of course he does not pay a penny to Europe defense, either.
There is a saying in German: nach mir die Sintflut.
 
Ali_Baba said:
The Russians have embarrassed themselves by sending a Ship + Sub, and then sitting on the side-lines to see the ship occupied. What was the point of the Russian action ?

If they had put some soldiers on the ship, that may have deterred, but they didn't.
Click to expand...


So the other rumour of the Russian submarine escort was propaganda?
 
Viet said:
Trump does not pay a penny to Ukraine defense. Of course he does not pay a penny to Europe defense, either.
There is a saying in German: nach mir die Sintflut.
Click to expand...

Excellent. Then EU should have no problems being responsible for its own defense.
 
Ali_Baba said:
Pretty limp impotent show of force ... they should not have bothered unless they were prepared to board the ship and protect it themselves.
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It was pretty important: how many oil tankers get submarine escorts?
 
F-22Raptor said:
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This is the 5th post about the USA hijacking a Russian tanker. You are beginning to spam again. Stop the ejaculation of excitement on the forum. Take deep breaths and calm yourself down and stop the repetitive tantrums.
International terrorism taking place by the US
 
VCheng said:
Excellent. Then EU should have no problems being responsible for its own defense.
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No problem at all
On paper Europe with Ukraine combined surpass Russia at least 10 times more in economic and military strength.
 
Viet said:
No problem at all
On paper Europe with Ukraine combined surpass Russia at least 10 times more in economic and military strength.
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On paper. Yes.
 
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