Venezuela’s friends like these

Venezuela's President Nicolas Maduro addresses the media at Miraflores Palace, in Caracas, Venezuela August 2, 2024.
Venezuela's President Nicolas Maduro addresses the media at Miraflores Palace, in Caracas, Venezuela August 2, 2024.
REUTERS/Leonardo Fernandez Viloria

Venezuelan President Nicolás Maduro continues to ignore calls to produce proof of his disputed election victory, even after calls to do so from more moderate left-wing pals in Latin America, such as Brazil, Mexico, Chile, and Colombia.

Instead, his government has unleashed a harsh crackdown, arresting more people in the past 10 days than it did in five full months of mass protests back in 2017.

One thing emboldening Maduro is support from key outside players like Russia, China, and Iran — all of which have helped with energy deals or arms cooperation – and Cuba, whose fearsome spooks help Caracas quash dissent and maintain power in exchange for cheap oil.

In the wake of this most recent, egregious electoral fraud, the US and EU will likely apply more pressure on Venezuela, isolating it further.

But that, says Risa Grais-Targow, a Venezuela expert at Eurasia Group, only “makes Maduro more dependent on those foreign allies.” Chinese and Russian oil companies can step in, she says, if the US tightens sanctions on Venezuelan production again.

In other words, if the price of maintaining power is being “isolated,” it’s an isolation with powerful backers that Maduro can live with, whether Washington and Brussels like it or not.

More from GZERO Media

As the island nation attempts to crawl its way out of a crippling economic crisis, Sri Lanka’s leading presidential candidates are promising a fairer shake for ordinary families — but will voters demand an upheaval of the entrenched aristocracy?
REUTERS

As the island nation attempts to crawl its way out of a crippling economic crisis, Sri Lanka’s leading presidential candidates are promising a fairer shake for ordinary families — but will voters demand an upheaval of the entrenched aristocracy?

Venezuelan President Nicolas Maduro delivers a speech during a rally to celebrate the results of last month's presidential election, in Caracas, Venezuela August 28, 2024.
REUTERS/Fausto Torrealba/File Photo

Six foreign nationals, including three American, two Spanish, and one Czech citizen, were arrested in Venezuela on Saturday, accused of plotting to assassinate strongman President Nicolás Maduro.

FILE PHOTO: Ukraine's President Volodymyr Zelenskiy meets with Chairman of NATO's military committee, Admiral Rob Bauer, amid Russia's attack on Ukraine, in Kyiv, Ukraine March 21, 2024.
Ukrainian Presidential Press Service/Handout via REUTERS

Five people were killed Saturday in Russian aerial attacks on the Ukrainian city of Odessa and a farm in the Zaporizhzhia region.

People, mainly Houthi supporters, rally to mark the anniversary of the birth of the Prophet Mohammad and to show solidarity with Palestinians in the Gaza Strip, in Sanaa, Yemen, September 15, 2024.
REUTERS/Khaled Abdullah

Israeli Prime Minister Benjamin Netanyahu on Sunday vowed that the Houthis would pay a “heavy price” after a missile fired from Yemen struck central Israel.

Law enforcement officers on the scene after reports of shots fired outside Republican presidential nominee and former President Donald Trump's Trump International Golf Course in West Palm Beach, Fla., on Sept. 15, 2024.

REUTERS/Marco Bello

Donald Trump is safe after a gunman was apprehended near the Trump International Golf Club in West Palm Beach, Fla., on Sunday. The FBI confirms that it had “responded to and is investigating what appears to be an attempted assassination of former President Donald Trump.”

Mastercard’s Start Path Open Banking and Embedded Finance startup engagement program is designed to support and collaborate with fintechs to democratize financial services while keeping consumers in control of their data. One participant, Payitoff, is a white-label solution that provides banks and fintechs with the technology to help people manage student loans and other debt. Built on online banking technology, Payitoff can be embedded into fintech and banking platforms to provide clients with a 360-degree picture of their financial profile. The benefits can be life-changing: Reducing monthly debt repayments can improve credit scores, which gives people a better chance of getting mortgages to buy homes or loans to launch businesses. Learn more here.

- YouTube

Are we in a 21st-century space race with China? And if so, who’s winning? On Ian Explains, Ian Bremmer breaks down China’s ambitious space program, which in the last few years has sent a rover to Mars, built a space station, and returned samples from the far side of the moon–something no country has done before.