This is how Chavez, and later Maduro, used Venezuela's resources to pay for support
Economists have given equal or greater blame to a plunge in aid from Venezuela, where the collapse of the state-run oil company has led to a nearly ⅔ cut in shipments of subsidized fuel that Cuba used for power and to earn hard currency on the open market
nytimes.com/2019/05/11/wor…
According to investigative reporting, 60% of earnings from Venezuelan oil sales not spent on social programs – $2.4 billion – was channeled through a Venezuelan-Nicaraguan private joint venture called Albanisa, run by President Ortega’s son, Rafael Ortega
theconversation.com/venezuelan-oil…
Venezuela's crisis is dragging Cuba and Nicaragua, but it shouldn't be disregarded that these were decisions made by the Ortega and Castro regimes, hurting people of all three countries.
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