US oil embargo will see Venezuela turn to China, Russia for salvation

The US oil embargo on Venezuela that comes into effect on Sunday will deepen the South American country's economic crisis without necessarily forcing President Nicolas Maduro from power and force Caracas to turn to China and Russia for salvation. Until now, US sanctions directly targeted the upper echelons of Maduro's regime in the hope of weakening his grip on power in favor of a transition to opposition leader Juan Guaido, who in January declared himself acting president.

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