China, Russia Excluded from International Talks As Venezuelan Opposition Promises to Privatize Oil

As the United States continues to lead the charge to overthrow Venezuela’s elected president, leaders from Europe and Latin America are set to meet today to discuss the possibility of a political solution.

The meeting is set to be held in Uruguay’s capital, and members claim the goal is to promote dialogue, negotiation, communication and a willingness to contribute.

There will be representation from several of the countries that have voiced support for opposition leader Juan Guaido, such as Spain, France, Ecuador, Costa Rica, and the UK; and from a few of the countries that are standing by President Nicolas Maduro, including Mexico, Uruguay, Bolivia, and Italy. 

However, China and Russia, which have both voiced support for Maduro, will not be in attendance. Russia’s deputy foreign minister claimed Moscow was told that even participating as an observer would not be possible. 

Russia is also accusing the US of having already made the decision to invade Venezuela. And a spokesperson noted that Washington’s behavior right now is the kind that has been condemned by American officials in the past for violating rules set by the United Nations. 

“There are still signs coming from Washington about the possibility of using force in order to overthrow the legal authorities, including through direct military invasion. This is actually being spoken about openly in the White House,” she said.

All the while, the United States claims that its attempts to send humanitarian aid to Venezuela across the border from Colombia have been blocked by the country’s military. And Venezuela has claimed that it discovered cargo from the US that included firearms and ammunition.

While other nations discuss Venezuela’s future, Guaido’s party is making bold promises regarding the future of the country’s oil. The opposition leader’s representative to the US told Bloomberg that they plan to open the country’s oil reserves to foreign investors. 

“We want to have an open economy. We need to rebuild our oil sector and we need to restructure our debt. So we will have opportunity for many people, and we will need the private sector—not only the Nationals, but also foreign investments,” Carlos Vecchio said.

Vecchio also suggested that the White House could issue an executive order to protect Venezuela from creditors, in the same way it did for Iraq. 

Senator Marco Rubio has been a strong advocate for overthrowing Maduro, and a vocal supporter of Guaido. He said on Wednesday that the opposition leader plans to name a new board for the country’s US-based Citgo Petroleum Corp. this week in an attempt to eliminate the Maduro government’s profits from the country’s oil. 

As Venezuela continues to face a political and economic crisis, the conversation from the US and its allies appears to center around the future of the country’s rich natural resources.

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Rachel Blevins is a journalist who aspires to break the left/right paradigm in media and politics by pursuing truth and questioning existing narratives.

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