But how long will that last, given Nicolás Maduro’s disregard for democracy?
The cocktail bar in one of the most expensive hotels in Caracas, the capital of Venezuela, is abuzz. A huddle of businessmen, speaking English, are in animated conversation at one table. Across the lobby, another group of visitors from India has just arrived. “It’s been a good week,” says a waiter. “The oilmen are back in town.
Such an arrangement brought the regime closer to other anti-American governments, notably Iran, which in 2020 began supplying Venezuela with petrol and sent its technicians to repair decrepit refineries. That support, it is believed, was largely paid for in gold sourced from illegal mines. The architect of much of the sanctions-busting was a former oil minister, Tareck El Aissami.
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