Russia, China Playing Major Role in Keeping Venezuela Afloat

Venezuelan President Nicolas Maduro / Getty Images

 

The countries ‘have provided capital, goods, services, and political backing’

Russia and China have played a major role in keeping the dictatorial Maduro regime in Venezuela afloat, according to expert testimony before the House Foreign Affairs Committee Wednesday.

Evan Ellis, a senior associate at the Center for Strategic and International Studies and a professor at the U.S. Army War College, appeared before the Western Hemisphere subcommittee of the Foreign Affairs Committee for a hearing on the malicious influence of state and criminal actors in the Latin American nation’s ongoing breakdown.

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Russia’s Kaspersky Labs signs deal with China Cyber Security Company as Beijing and Moscow call for end to US domination of internet

Russian software security giant Kaspersky Lab has formed a strategic partnership with a Chinese state-own company as Beijing and Moscow work more closely in policing their cyberspace.

The deal was signed on Wednesday at one of the panel meetings of China’s second World Internet Conference in Wuzhen, Zhejiang province. Continue reading

Chinese President Xi Jinping Seals Multi-Billion Dollar Nuclear Power Deal With Britain

As Australia allows for China to take over a strategic military port, Great Britain allows for its nuclear power infrastructure to be compromised.

 

In the first major Chinese investment in a Western nuclear facility, China’s General Nuclear Corporation (CGN) will take a one-third stake in the planned 18 billion-pound ($28 billion) Hinkley Point nuclear plant controlled by France’s EDF.

State-owned CGN will also take a two-thirds stake in the Bradwell nuclear plant east of London, where it plans to build a Chinese-designed reactor, and a one-fifth stake in a project for Areva designed reactors at the Sizewell plant.

“We will build a global, comprehensive strategic partnership between our countries in the 21st century and jointly open up a golden era,” Xi told reporters via a translator, adding that the nuclear deal was a flagship investment. Continue reading

Russia’s Stranglehold on European Energy

Meet Rosneft—Russia’s third-largest oil conglomerate that is about to buy out tnk-bp. This strategic move will not only propel Rosneft to the top of Russia’s oil industry, but it will also make both of the nation’s largest oil and gas companies state owned.

tnk-bp is currently co-owned by British oil firm BP and a Russian group of billionaire investors called aar. According to Marin Katusa of Casey Research, Russian President Vladimir Putin’s oil company Rosneft is about to purchase BP’s 50 percent stake in tnk-bp. The move will cost Rosneft approximately $27 billion in cash and stock. At the same time, Rosneft is trying to purchase the other 50 percent stake from aar, although this deal is yet to be finalized. In the end, according to Reuters, the deal as a whole will be worth $55 billion.

If the deal succeeds, it will be the largest purchase since Exxon bought out Mobil over a decade ago. Continue reading

Israel turns to Russia’s Gazprom on gas project

As the article hits out, the Israelis would rather deal with worse terms under American businesses. This is likely due to the fact they are also not state-owned as Gazprom is. Dealing with state-owned means you’re dealing with the government. In this case of the government being Russian, the potential for industrial espionage is what we’re looking at. Their history is long in this department. The deal might be better than their American counterparts, but why take the chance?

Industry sources said Israel’s Delek Group has been negotiating with
Russia’s Gazprom to buy a stake in the Leviathan gas field in the
Mediterranean Sea. They said Delek wants to recruit Gazprom but has been opposed by a leading partner, the U.S. firm Nobel Energy. Continue reading

Iran’s elite commando force running oil sector, bypassing sanctions

Time and time again, history has proven that third-world economies have no bottom, no matter the amount or severity of sanctions. So long as China and Russia keep backing the Iranian regime, and as long as energy resources are in high demand world-wide, they will likely never be stopped without resorting to war.

WASHINGTON — The United States has determined that the Islamic
Revolutionary Guard Corps was directing Iran’s state-owned oil sector.

The U.S. Treasury Departrment said the state-owned National Iranian Oil Co. was controlled by IRGC, which was helping the firm bypass international sanctions on Teheran’s energy sector.

Treasury said IRGC was increasing its control over National Iranian Oil as the elite military sought clients for Iran’s sanctioned crude oil exports.

“Under the current Iranian regime, the IRGC’s influence has grown within NIOC,” Treasury said on Sept. 24.

Full article: Iran’s elite commando force running oil sector, bypassing sanctions (World Tribune)