A great deal has already been written about the unbelievably lavish handouts to Venezuela from the state-owned company Rosneft and from our government.
And they are absolutely right to write and speak about it. This is sheer madness. Russia extended Venezuela a $2.8 billion loan, and Rosneft gave it another $6 billion. And no matter what anyone says, everyone understands that these are simply non-repayable injections into the Maduro regime.
In fact, it is an established fact that we will never see that money from the state loan ($2.8 billion). It has already been restructured, and the Accounts Chamber officially says that in 2017 this loan brought us a loss of 54 billion rubles.
Wonderful, isn’t it?
Let’s look at the Venezuelan loans simply and concretely. $8.8 billion is 528 billion rubles, or 3,600 rubles from every Russian citizen.
In other words, 3,600 rubles were taken from you personally so that Putin and Sechin could puff themselves up over geopolitics. For my family of four, that comes to 14,400 rubles. And I do not want to lose that money. I have better uses for it.
But before someone writes to me, “What if they do pay it back after all?”, let me remind you that it is better to draw conclusions about the future based on what happened in the past.
And here is what that past looks like:
In 2005, Syria had $10 billion of debt written off.
In 2007, Afghanistan had $11 billion written off.
In 2008, Libya had $4.5 billion of debt written off.
That same year, Iraq had $12 billion of debt written off.
In 2014, Cuba had $31 billion written off.
In 2012, North Korea had $11 billion written off.
Uzbekistan got $265 million written off in 2016.
And this year, 2017, Kyrgyzstan had $240 million written off.
Before long, we will add another line here: “Venezuela had $8 billion written off.”
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