Venezuela reassures China on investments a month after Maduro abduction

Venezuelan envoy Remigio Ceballos stated in Beijing that despite concerns in the Chinese capital over last month's unprecedented US assault on Venezuela, ties between the two nations will remain unaffected by third-party interference. Ceballos dismissed reports that Washington would set prices for all oil transactions between China and Venezuela, emphasizing that Chinese enterprises' operations there continue normally.

Last month's unprecedented US assault on Venezuela, including the abduction of President Nicolas Maduro, has raised concerns in Beijing about potential complications to China's ties with the resource-rich nation and the broader region. As a close partner of Maduro and a major buyer of Venezuelan oil, China has significant investments at stake.

On Tuesday, Venezuelan envoy Remigio Ceballos told reporters in Beijing: “China and Venezuela are trusted partners who share mutual trust. Both nations are sovereign states, and their bilateral relationship shall remain unaffected by the interference of other countries.” He described Maduro's abduction as a “warning to the entire world” but downplayed its impact on Venezuela's relations with China.

“No, there is no government in the world capable of breaking our [relations] between China and Venezuela,” Ceballos asserted. He added: “Chinese enterprises operating in Venezuela and investments from other nations continue to progress normally. This applies not only to the petroleum sector but to all areas of cooperation with Venezuela.”

Ceballos also dismissed reports suggesting that Washington would set the price for all oil transactions between China and Venezuela. The reassurances aim to ease growing worries in Beijing amid Venezuela's emphasis on stable partnerships with allies like Russia and Iran.

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