Global Powers Converge on Venezuela: Trump's Covert Moves & EU Bets On Transition

Published 2 days ago4 minute read
Pelumi Ilesanmi
Pelumi Ilesanmi
Global Powers Converge on Venezuela: Trump's Covert Moves & EU Bets On Transition

The political landscape of Venezuela was dramatically reshaped following the capture of President Nicolás Maduro by US forces in Caracas. The two-and-a-half-hour operation, which took place in the early hours of Saturday morning, saw elite US Delta Force soldiers arrive by helicopter at Maduro's fortified compound. This significant intervention followed Maduro's meeting with a Chinese delegation, underscoring the immediate geopolitical ramifications of the event. The United States justified its actions by stating that Maduro faced drug trafficking charges, while the Venezuelan government initially accused the US of 'piracy' before softening its stance to call for a 'balanced and respectful' relationship in an apparent effort to prevent further military action.

Accompanying the military intervention, the US initiated a comprehensive 'quarantine' on Venezuelan oil, designed to exert pressure on the government and prevent its revenue streams from benefiting US adversaries. This blockade was part of a larger campaign announced by US President Donald Trump on December 16, declaring a 'complete blockade' on Venezuelan oil tankers under sanctions, with an exception for oil shipped by Chevron. The scale of this operation was highlighted by US Secretary of State Marco Rubio, who described it as one of the biggest naval quarantines in modern history. The blockade spurred approximately a dozen oil tankers to attempt evasion, often employing tactics like changing names and misrepresenting their positions, a practice known as spoofing. One notable instance involved the tanker 'Bella 1,' which, after evading the US Coast Guard in the Caribbean Sea in December due to suspicions about its registration, changed its name to 'Marinera,' registered in Russia, and even painted a crude Russian flag on its side. This vessel came under close US military surveillance by P-8 aircraft operating from RAF Mildenhall, with further speculation arising from US C-17 transport flights into RAF Fairford and the arrival of AC-130 gunships at Mildenhall, suggesting a potential special forces operation to seize the ship. 'Bella 1' had been sanctioned by the US Treasury since July 2024 for allegedly carrying illicit cargo for a Hezbollah-linked company, and had a history of transporting Iranian and Venezuelan crude oil to China.

The US intervention provoked strong international reactions, particularly from China and the European Union. China, a crucial 'all-weather' strategic partner for Venezuela in Latin America, vehemently condemned the US actions, characterizing them as 'imperialist' and 'colonialism.' China's foreign minister, Wang Yi, asserted, 'We have never believed that any country can act as the world’s police, nor do we accept that any nation can claim to be the world’s judge.' Beijing called for Maduro's release and supported a UN Security Council meeting to debate Trump’s decision. China has substantial economic interests in Venezuela, having provided approximately $106 billion in loans between 2000 and 2023, making Venezuela the fourth-biggest recipient of Chinese official lending. With Venezuela's debts to China estimated at $10 billion in 2024, and China being the largest buyer of Venezuelan crude through loan-for-oil deals, Beijing expressed significant concern over potential financial losses if a new Venezuelan government were to prioritize US creditors. Chinese financial regulators even requested major lenders to report their exposure to Venezuela, with experts suggesting Beijing might leverage its economic influence, such as control over rare earth exports, to protect its interests. The ultimate economic repercussions for China are seen to depend on who takes control in Venezuela, with Beijing preferring direct negotiations with Caracas over dealing with the US.

The European Commission also responded to Maduro's removal, framing it as an 'opportunity for a democratic transition' that should be led by the Venezuelan people, explicitly ruling out recognition of Maduro's immediate successor, Delcy Rodríguez. This stance put the EU at odds with President Trump, who had claimed to be 'in charge' of Venezuela and sought 'total access' to its oil reserves. The Commission recalled Maduro's lack of democratic legitimacy, referencing the 2024 presidential elections where opposition leader Edmundo González reportedly won by a large margin. While emphasizing the need to abide by international law and the UN Charter, the EU refrained from directly commenting on the legality of the US intervention. Spain's President Pedro Sánchez was notably critical, denouncing the US action as a breach of international law and a dangerous precedent, a sentiment echoed by French President Emmanuel Macron, who expressed disapproval of Washington's 'method.' Trump, however, dismissed figures like María Corina Machado, a Nobel Peace Prize winner backed by González, as potential replacements, and made it clear that his primary objective was to exploit Venezuela's vast oil reserves to 'rebuild' the country, with American control to be exercised through a military 'quarantine' over oil exports rather than direct military occupation.

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