Hugo Chavez, the former President used to roam the streets of Venezuela in tanks filled with Gold bars displaying to his countrymen how their Gold and Oil would be used to pull the nation out of the Petrodollar system. Chavez is assassinated before fulfilling his dream and Venezuela has gone through some 20 years of US sanctions that has progressively strangled her economy. Now, an India Russia partnership is helping Venezuela bypass US sanctions.
How India Russia Partnership help Venezuela bypass US sanctions
Rosneft has been gambling in Venezuela over the last decade, with CEO Igor Sechin leading the drive for closer ties between Moscow and Caracas. Venezuela’s oil rich fields were seen as a key area of expansion for the firm. In August 2017, Sechin declared “we will never leave from there. No one can chase us out. We will work with Venezuela and we will raise the level of cooperation.”
Rosneft certainl...
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