China Warns of Consequences Following Washington-Caracas Oil Deal

According to the International Desk of Webangah News Agency, China has voiced concerns over the recent oil agreement struck between Washington and Caracas, asserting that Beijing’s interests in Venezuela must be ensured and safeguarded. Guo Jiaqun, spokesperson for China’s Ministry of Foreign Affairs, emphasized that international relations should be governed by the principles and objectives of the United Nations Charter, with economic cooperation between states predicated on equality, mutual benefit, and win-win outcomes.

China has been a significant oil partner for Venezuela over the past two decades, with a substantial portion of Venezuela’s debt to China being repaid through oil deliveries. Estimates place Venezuela’s oil debt to China at approximately $10 billion to $15 billion. However, following political developments in January 2026 and subsequent U.S. intervention, Venezuela’s oil exports to China experienced a sharp decline. Washington is now reportedly working to redirect Venezuela’s oil exports towards the United States and Western companies.

Numerous experts have characterized the U.S. actions concerning Venezuela, including the apprehension of President Nicolás Maduro, as an attempt to plunder the nation’s energy resources.