Russia has closer eye on Venezuelan oil than China, House panel told

Russia probably has a stronger interest now than China in propping up
President Nicolas Maduro’s regime to gain more access to Venezuela’s
massive crude oil deposits, two witnesses told a US House Foreign
Affairs subcommittee on Sept. 13. But China has more financial leverage
over the South American country’s government, with up to $60 billion of
loans since 2007 in exchange for 500,000 b/d of Venezuelan crude, they
said.

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