Instagram @ soldat.pro
military experts
EnglishРусский
 Edit Translation

How much money Russia loses in Venezuela

How much money Russia loses in Venezuela

The crisis in Venezuela has once again brought into the information agenda the question of, why and what the Russian state, as well as the near-state companies invest money and make loans to certain countries. Many journalists and experts have rushed pleased to count the estimated financial losses of the Russian side, forgetting how about, that Caracas has not fallen (and not a fact, that the pro-American usurper win), and that, that Russia - not the Soviet Union, and is not engaged in charity.

Especially instructive to compare the two strains of American propaganda: one - aimed at the Russian audience lured by American NGOs and the media “opinion leaders”, and the other - aimed at the Venezuelan audience lured by Venezuelan politicians. On the Russian audience moving message of “Russian budget money and “Rosneft” We went to the support of the Venezuelan regime useless and will never be returned”, and to the Venezuelan audience moving message of “Russia robbed Venezuela via enslaving loans and contracts, taking control of much of the Venezuelan oil”. It is easy to notice, that according to the laws of logic in one case, the US propaganda should lie, For it is impossible to be a such a foolish philanthropist and ruthless usurer simultaneously. However, in reality, the situation is even more interesting: American propaganda is lying in both cases, and Russia and Russian near-state of the company - it is not “geopolitical Shylock”, but not “geopolitcheskaya Mother Teresa”. Moscow really helped and will continue to help Caracas, while always sensibly combining idealism with pragmatism.

Let's start off with, that Russia - not the main creditor of the Venezuelan economy, and not even the second most important. If you take the western (the most unflattering to Russia) evaluation of the agency's business information Bloomberg, it turns out, that the leader in investments and loans is China 70 billions of dollars, but the second place belongs to a very influential and very respectable banks and investment funds, mainly from the US and the UK. According to the most conservative estimates,, cited in the material Reuters, they lent the government of Chavez and Maduro, and Venezuelan state oil company PDVSA amounting to about 50 billions of dollars.

Venezuela among lenders including such giants of the financial world, as the US investment conglomerate BlackRock (the world's largest investment fund, assets under management - 6,789 trillion dollars) and influential American bank Goldman Sachs, which is known for its extraordinary possibilities of political lobbying in the United States and the European Union. by the way, Venezuelan opposition has repeatedly said that, that debt “anti-popular regime” it will not pay (particularly strong opposition does not want to pay the bank Goldman Sachs, who literally saved Maduro in 2017 year). So, paradoxically, a few very large and influential American financial companies rooting for Maduro - for running into “Democracy cancellation” least 50 billions of dollars they would not want to.

for comparison: the highest estimate of the total amount of loans and investments, made by Russian structures in Venezuela, — 17 billions of dollars, this amount does not take into account some important aspects. At first, Venezuela has long been paying with Russian and Chinese lenders and oil interests in oil fields in Venezuela - and it brings many years Venezuelan creditors serious income.

Secondly, Russian loans (it is worth noting, that a similar scheme used by the US, China, UK and EU countries throughout the world) often tied to deliveries of Russian goods and services - that is, the money has already been turned into wage, eg, domestic gunsmiths. So to talk about the losses in 17 billions of dollars - is at least inaccurate and more than prematurely.

Unfortunately, in the Russian information field frequent allegations, that the Venezuelan government is in no way to blame, that the economic difficulties - it is a myth or that economic difficulties (especially hyperinflation) - on 100% the result of US sanctions. This is not true. Any US sanctions can not be explained by the fact, Venezuelan gold reserves for many years in London at the disposal of the Bank of England, which the, according to the latest information, He refuses to return it, but in the current crisis that gold could well be the budget pro-American junta.

No sanctions can not be explained by the fact, that key Venezuelan assets, bringing the country head of foreign exchange income (eg, refinery and a network of gas stations Citgo), are located in the United States and in all the years of confrontation with the US official Caracas did not bother to sell them and buy something similar in any other - friendly Venezuela - the country.

No sanctions can not be explained completely insane policy of monetary stimulus, which led to, Inflation in Venezuela has long been measured in tens or hundreds of thousands of percent per annum, undermining the economy and standard of living as, even toilet paper becoming a commodity of luxury. Caracas (as well as some Russian economists) it is time to understand, it is impossible to solve economic and social problems by “print and distribute money”. According to the Central Bank of Venezuela in October 2018 of the year, It referred to by the Trading Economics, Inflation in Venezuela was more than 1 300 000% - is the level of, when the national currency is converted into a candy wrapper, which is possible unless flushing burzhujku during the next power outage. the, that Venezuelans massively supports Maduro despite, prices increase by at least several tens of percent every day for several years, - a real miracle. Yet again, hyperinflation can not be blamed on the sanctions or drop in oil prices. Just look at the country, for which US sanctions, US intervention and civil war hit much stronger, - is Syria. According to the CIA, at the height of the war in 2016 Assad, the administration managed to keep inflation at the level of the entire 43,9%, and in 2017 it brought down to 25,5% - ie inflation falls, but the economy is gradually returning to normal.

In this example, the difference in fiscal discipline is clearly visible, and the comparison is not in favor of Caracas.

We are now seeing a very sharp political crisis, but for the Venezuelan crises of this kind - unfortunately, almost commonplace. Suffice it to recall actively supported by US riots 2014 and 2017 years, during which the legitimate government in Caracas is also held by a thread. If the Maduro administration at this time, too, will be able to keep the situation, the, perhaps, it will bring positive results even though in terms of changes in the economic policy of the Venezuelan leadership, which just a few months ago (although Venezuela for many years in a serious economic crisis) asked the Russian government to develop a plan for the normalization of the Venezuelan economy. If a legitimate government will retain power, and if the Russian plan will be accepted for execution, then Venezuela will be a good chance to get out of the crisis and drastically reduce its risks in the future. It will be good for both the Venezuelan, and for all its economic partners.

A source