Their primary spot of operation in the Western hemisphere was Venezuela. For Russia, their primary base of operation in the Western Hemisphere along Cuba and Nicaragua was Venezuela. In the case of China, China was receiving oil at a huge buck, $20 a barrel discount. And they weren't even paying money for it. It was being used to pay down debt that they were owed. This is the oil of the people of Venezuela. And it was being given to the Chinese as barter at a 20%, at a $20 discount per barrel in some cases. (15:22–15:32)
CLAIM
Asserts that China received Venezuelan oil at a $20 discount per barrel to pay down debt.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
