The US is reasserting the Monroe Doctrine in Venezuela, and some countries are not happy about this:
Russia and China pushed back against the U.S. recognition of Venezuela’s opposition leader as president and warned against further inflaming the political crisis in the Latin American country, which relies on billions of dollars in investments from the two countries.
Russian President Vladimir Putin expressed support to President Nicolás Maduro in a telephone call in which he said he favored peaceful dialogue to resolve the crisis, the Kremlin said Thursday.
China, another major investor in Venezuela, said it was highly concerned about the situation in Venezuela and warned against military intervention.
Beijing has extended some $55 billion in energy-related loans alone to Venezuela, according to calculations by the Center for Strategic and International Studies in Washington.
Unable to come up with hard currency to service these loans, Caracas has been paying in discounted barrels of oil—but struggled even to do that after prices collapsed in 2014. China agreed to extend an additional $5 billion credit line to Venezuela in September, 2018.
Russia has invested a total of over $4.1 billion in Venezuela. In addition to the two countries’ trade and joint investment in oil and gas projects, they are also cooperating on the military front: Russia provides Kalashnikov rifles, helicopters, anti-aircraft missile systems, and jet fighters to Caracas, and is building a Kalashnikov production plant in Venezuela that is expected to open this year. The WSJ article might have added that Russia sent a pair of nuclear-capable strategic bombers to Venezuela last month.
The US is being condemned in some quarters for, in effect, appointing a president for Venezuela. The reality is that the world tends to operate more along the lines of a collection of drug cartels than the principles of international law, and the US is not going to allow its two main geopolitical rivals to meddle in its neighborhood indefinitely. Like Walter White in that great scene in Breaking Bad, the US is telling Russia and China to stay out of its territory.
Refresher on the Monroe Doctrine:
In his December 2, 1823, address to Congress, President James Monroe articulated United States’ policy on the new political order developing in the rest of the Americas and the role of Europe in the Western Hemisphere.
President James Monroe
The statement, known as the Monroe Doctrine, was little noted by the Great Powers of Europe, but eventually became a longstanding tenet of U.S. foreign policy. Monroe and his Secretary of State John Quincy Adams drew upon a foundation of American diplomatic ideals such as disentanglement from European affairs and defense of neutral rights as expressed in Washington’s Farewell Address and Madison’s stated rationale for waging the War of 1812. The three main concepts of the doctrine—separate spheres of influence for the Americas and Europe, non-colonization, and non-intervention—were designed to signify a clear break between the New World and the autocratic realm of Europe. Monroe’s administration forewarned the imperial European powers against interfering in the affairs of the newly independent Latin American states or potential United States territories. While Americans generally objected to European colonies in the New World, they also desired to increase United States influence and trading ties throughout the region to their south. European mercantilism posed the greatest obstacle to economic expansion. In particular, Americans feared that Spain and France might reassert colonialism over the Latin American peoples who had just overthrown European rule. Signs that Russia was expanding its presence southward from Alaska toward the Oregon Territory were also disconcerting.
As Monroe stated: “The American continents … are henceforth not to be considered as subjects for future colonization by any European powers.” Monroe outlined two separate spheres of influence: the Americas and Europe. The independent lands of the Western Hemisphere would be solely the United States’ domain. In exchange, the United States pledged to avoid involvement in the political affairs of Europe, such as the ongoing Greek struggle for independence from the Ottoman Empire, and not to interfere in the existing European colonies already in the Americas.
TLDR: “This is ARE hemisphere.”