The cynicism behind US’ rapprochement with Venezuela

Seeking to isolate Russia over the Ukraine crisis, the US is turning to a Venezuela government it earlier called ‘illegitimate’ Before announcing a ban on Russian energy imports, the US tried to plug this hole by meeting with representatives from a government they don’t even officially recognize, Venezuela.

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With ExxonMobil set to begin oil production in Guyana next year, this tiny South American country will soon become unthinkably rich. But neighboring Venezuela shows how an oil boom can go bust.

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