Russian Ambassador to the United Nations, Vassily Nebenzia, revealed on Tuesday (Feb 26) that the United States is preparing to overthrow the stubborn Venezuelan President Nicolas Maduro – through military intervention. Speaking at the U.N. Security Council meeting, Russia warned that the country’s sovereignty should be respected.
On the same day, Nikolai Patrushev, secretary of the Russian Security Council, accused the superpower U.S. of deploying troops in Colombia and Puerto Rico ahead of a planned military invasion in Venezuela to topple Maduro, an ally of Moscow. American Special Forces were said to have been transferred to Puerto Rico, as well as the landing of U.S. forces in Colombia.
However, the U.S. special envoy for Venezuela, Elliott Abrams, has rubbished the preparation of such military action in Venezuela. The United States and 50 other countries have backed opposition leader Juan Guaidó as the country’s interim president, while China and Russia have thrown their support behind Maduro’s government.
The decision by President Donald Trump means the country now has two presidents. As expected, Venezuelan President Maduro has accused the United States of trying to orchestrate a coup against him. However, the U.S. says it’s trying to rescue Venezuela’s democracy. Maduro has since called home all Venezuelan diplomats from the U.S. and closed its embassy.
Venezuela’s top military brass has pledged their unwavering support to Maduro, hence raising the prospect of U.S. military intervention to overthrow the defiant leader, whose leadership has seen millions flee in recent years to escape sky-high inflation and food shortages. Short of a massive military defection to force Maduro’s surrender, any U.S. military action could plunge the country into a new war-zone.
The nation’s economy has practically collapsed, thanks to years of socialism, corruption and incompetence. Venezuela’s hyper-inflation hits 1,000,000% in 2018 alone. The International Monetary Fund (IMF) forecast that inflation would skyrocket to 10-million percent this year (2019). It means something that cost 1 dollar will cost US$100,000.
China had called on the U.S. to stay out of the crisis, while Russia had already warned America against any military intervention in Venezuela. Russia has been propping up Maduro with arms deliveries and loans, while China has given Venezuela US$65 billion in loans, cash and investment over the last decade. The nation owes the Chinese more than US$20 billion.
In view of a prospect of a U.S. invasion against his government, Maduro has accused the President Trump of running an “extremist Ku Klux Klan government”. But instead of blaming the U.S. president, the Venezuelan president said Trump has probably been ill-advised by his “bad” advisers who just want to seize the country’s oil.
Apparently, Maduro made his accusation against the Trump administration in an interview with ABC News. The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (U.S. EIA, 2017). In comparison, Saudi Arabia is in second place with 266 million barrels while Canada is ranked third (170 million barrels).
EXCLUSIVE: Asked whether he fears Pres. Trump, Nicolas Maduro tells @TomLlamasABC that he fears “the people that are around” the president.
“I think these people surrounding Pres. Trump and advising him on Venezuelan politics are bad.” https://t.co/Dtj7DyqRMM pic.twitter.com/tVgiUkVprW
— ABC News (@ABC) 27 February 2019
When asked if he fears Trump, Maduro said he does not fear the U.S. president, but fears the men around him. The Venezuelan president said National Security Adviser John Bolton was an “extremist and an expert on the Cold War,” while Secretary of State Mike Pompeo was a “CIA agent that has an antiquated scheme of old intelligence from the Cold War.”
Mr. Maduro said he fears Elliott Abrams, Special Representative for Venezuela, whom the Venezuelan leader accused as a liar who had trafficked arms and drugs in Central America and the world and brought war to the U.S. Amusingly, Maduro also said he fears Vice President Mike Pence because he does not know world politics, unaware of Latin American politics.
Therefore, he said – “I think these people surrounding President Trump are bad and advising him on Venezuelan policies are bad.” The US has called on Maduro, the country’s president since 2013 after succeeding the late Hugo Chávez, to stand down after claiming his 2018 snap election victory was tainted by vote-rigging.
After Venezuelan security forces violently drove back opposition attempts at the weekend to bring humanitarian aid, including US supplies, into the country against the will of Maduro, Washington has on Monday slapped Venezuela with new sanctions and called on allies to freeze assets of its state-owned oil company PDVSA.
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February 27th, 2019 by financetwitter
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