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Pompeo: China financing of Maduro prolongs Venezuela crisis

AP  |  Santiago 

US has said that China's financing of is prolonging the

kicked off a four-country tour of in Chile, where he met with to discuss the US-trade war and the Venezuelan crisis. Hyperinflation, shortages of and medicine and other hardships have forced more than 3 million Venezuelans about one-tenth of the population to flee the country in the last few years.

"China's bankrolling of the Maduro regime helped precipitate and prolong the crisis in that country," said on Friday, adding that invested over USD 60 billion, "with no strings attached."

"It's no surprise that Maduro used the money to use for tasks like paying off cronies, crushing pro-democracy activists, and funding ineffective social programs," he said.

"I think there's a lesson, a lesson to be learned for all of us: and others are being hypocritical calling for non-intervention in Venezuela's affairs. Their own financial interventions have helped destroy that country."


Pompeo said China is a major US trading partner, but that its "trade activities often are deeply connected to their national security mission, their technological goals, their desire to steal intellectual property, to have forced technology transfer, to engage in activity that is not economic." He also criticised Russia's links with leaders in Cuba, and

"Flying in troops and opening a training center in are obvious provocations," he said. "We shouldn't stand for escalating an already very precarious situation in that country.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 13 2019. 04:25 IST
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