about this? According to the article "China is owed at least $10 billion from Venezuela, according to various estimates, a debt that former Venezuelan President Nicolás Maduro had paid down by shipping oil to China." (note: this paragraph contradicts itself by claiming China is owed $10 billion and later stating that Maduro has paid it down)
And that's not all: "Two major Chinese state-owned enterprises — China National Petroleum Corp. and Sinopec — are entitled to 4.4 billion barrels of oil reserves in Venezuela, the highest for any foreign country, according to a research note by the investment bank Morgan Stanley.
U.S. companies also have claims for tens of billions of dollars from when Caracas nationalized the oil industry, and it’s not clear how these IOUs will be honored and in what order".
So how is our stable genius going to satisfy all these creditors while using crude oil sales to keep the Venezuelan government operating? I'm sure he has a plan, maybe just like the one to replace the Affordable Care Act.