Russia’s botched privatization of state assets during the Yeltsin years led to the creation of an oligarch class and, ultimately, the advent of the neo-feudal Putin regime. Some observers see an analogy in the Venezuelan oil deal. Are they right?
As far as I can tell, the Delcy government has simply given away the right to exploit some of the nation’s most valuable resources without any kind of public process to a well-connected company with the enthusiastic cooperation of Trump and Rubio. In other words, the answer is yes.
At least we weren’t responsible for Yeltsin’s failures.