Venezuela: Fire is burning!

• ABC MEDIUM
• ABC LARGE
• ABC EXTRA LARGE

Complete on Latin American countries One of the things that has become a sticking point for the dominating superpower America over the years is Cuba... the other is Venezuela. In Cuba since 1961 and in Venezuela since 1999, the United States has been unable to tolerate governments that it does not like ideologically. Many attempts have been made to demolish them. The US was unable to bring those two countries to its way despite the economic collapse due to the imposition of severe sanctions.

Anger against Venezuela because...

Until Hugo Chavez came to power in Venezuela in 1999, American companies invested heavily in the country's oil sector. Venezuela's rulers have adopted pro-American policies. The superpower was the largest market for Venezuela's oil exports. Chávez, who seized power with a socialist ideology and poverty alleviation slogan... nationalized all the country's oil companies. As a result, the role of American companies in this sector has completely decreased. Besides, Chavez... became very close to anti-American countries like Russia, China, Iran and Cuba. A US-backed coup to oust Chávez failed in 2002. Chavez regained power within two days with the massive support of the people.

Maduro in the path of Chavez...

After Chavez died in 2013 due to illness, Maduro, who came to power in his place, continued his anti-American policies. They bought weapons from Russia, China and Iran. Barack Obama, Joe Biden and Trump administrations have intensified the economic sanctions on Venezuela that started when Chavez was in power. Due to this, severe inflation has arisen in the country and the prices of essentials have increased enormously. Discontent prevailed among the people. Neither US presidents Joe Biden nor Donald Trump recognized Maduro as the legitimate ruler of Venezuela. The president of Venezuela did not yield to the pressure to bring electoral reforms. Maduro, who assumed the presidency after Chavez's death, declared himself victorious in the 2018 and 2024 elections. 50 countries, including the US, have refused to recognize him as the president of Venezuela.  

How interested is America...

Oil, gold and natural gas reserves are abundant in Venezuela.
It is one of the countries with huge oil reserves in the world. It is estimated that there are about 30,300 crore barrels of oil reserves. Saudi Arabia has more than oil reserves. If Venezuela's oil resources come into the hands of the US, the need to depend on West Asian countries will decrease. Even with the income from oil sales, Venezuela is able to withstand severe sanctions. Moreover, the rulers of Venezuela often question the dominance of the United States. Maduro recently announced that he can effectively retaliate if America commits a military misadventure and held military exercises across the country on November 12 last year. In 2019 it decreased to 5.6 percent and in 2020 to 3.6 percent. However, it is increasing again from 2024. Venezuela is currently the tenth largest exporter of crude oil to India.

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