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Venezuela Coup Leader to Russia, China: I'm Your Guy, I'll Pay Off Your Loans

Juan Guaido promising he's likelier to pay off the loans than Maduro

Venezuela coup leader is one smart cookie: 

A change in government in Venezuela would favour the country’s two main foreign creditors Russia and China, Venezuelan opposition leader and self-proclaimed interim president, Juan Guaido, told Reuters in an interview on Thursday.

Guaido said he had sent communications to both allies of President Nicolas Maduro, who accuses Guaido of staging a coup against his socialist administration. The United States and a number of other countries now recognise Guaido as Venezuela’s legitimate head of state.

“What most suits Russia and China is the country’s stability and a change of government,” he said. “Maduro does not protect Venezuela, he doesn’t protect anyone’s investments, and he is not a good deal for those countries.”

Guaido said the Venezuelan government would be “responsible” to its creditors and bondholders. Guaido does not yet control any of the state’s functions, which remain loyal to Maduro despite the opposition’s calls for defections.

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He is even smart enough not to say the price of repayment is for the two creditor powers to switch sides to him. That sort of a threat would have the opposite effect. Of course as Russia will remember promises are easily made and easily broken. Moreover it's not Russia's style to regime-change foreign countries for a few bank notes. 


Guaido said he was evaluating how to take control of state-run oil firm PDVSA’s U.S. unit Citgo, Venezuela’s biggest foreign asset, as the Trump administration tries to use the company as leverage to topple Maduro.

The U.S. government and Guaido are trying to appoint a new board of directors for Citgo.

Under a future government, PDVSA would remain in state hands, Guaido said, adding the top priority would be on recovering production in the devastated oil sector.

“We are here to provide certainty to the economy, society and in politics,” he said.

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He's already acting as a thief, how much are his assurances worth?

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