Maduro has as well as other allies in the Region as well as outside. Cuba, already under Maduro’s predecessor, Hugo Chávez, a close Partner, said the autocrat of his support.
Venezuela’s biggest creditor is China. Since 2008, the leadership invested in Beijing in infrastructure and oil Projects. Official Figures are not available. According to estimates, China will have invested more than 70 billion dollars in Venezuela. The country pays its debt to the industry intelligence Bloomberg, mostly with oil Supplies, tens of billions should, however, be still open. In September of last year, the governments of Maduro and China’s Xi Jinping signed new contracts.
Vladimir Putin (R), Russian President, Xi Jinping, President of China
The Kremlin supports Venezuela’s military as well as billions of credits. The reason is the geo-strategic importance in the Western hemisphere, as it were, “on the doorstep” of the USA, country located. Russian state companies have invested heavily in the mineral-rich country and no interest in a change of government that could interfere with your business relationships.
Moscow sent in the past, several long-range bombers to Caracas, most recently in mid-December, two nuclear-capable Tu-160 supersonic bomber. Under Chávez, Venezuela’s armor had sourced goods from Russia and this, in part, with Oil paid. Maduro has difficulties to pay the approximately $ 17 billion in debt to Russia. In search of money and protection, has made Venezuela from Russia and China.
Turkey and Iran: Erdogan holds up to Maduro, Tehran
Turkish President Recep Tayyip Erdogan made his admiration for Maduro never tried to hide. And in the current situation of solid he is linearized with him. “Maduro, brother, stay strong, we are with you,” he said. “We are Maduro”, which became a Trend on Twitter in Turkey. Erdogan and Maduro, a similar policy combines understanding: Both of them are in the West, as autocrats decried that have undermined the Opposition press and the rule of law.
Turkish President Recep Tayyip Erdogan
Under Maduro’s predecessor, Chavez has been Venezuela’s closest foreign policy ally of Iran outside of the Islamic world – and has remained so until today. Ideologically, both regimes share an aggressive Anti-Americanism. Quite handy they have a common interest in high Oil prices, both economies are largely Petro-exports.
Both governments have closed in the past 15 years, hundreds of bilateral agreements, including on military cooperation. In addition, both countries established a joint Bank, which is suspected to serve Tehran in the circumvention of international sanctions. Also, the Iran-financed and highly armed Hezbollah militia have long been set in Venezuela and the country, among other things, money laundering.
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