A coalition of Wall Street firms successfully lobbied the Biden administration to lift a ban on trading Venezuelan bonds, arguing that Russia was attempting to gain influence in Venezuela, which posed a foreign-policy risk to the United States. The firms contended that the sanctions, which had rendered their Venezuelan bond investments worthless, were counterproductive. They supplied intelligence to the administration indicating that Russia was meddling in Venezuela's debt market, leading to the sanctions being lifted and resulting in a significant financial windfall for the investors. The U.S. had previously imposed financial sanctions on trading bonds from adversaries like Russia and Belarus. Classified cables from the State Department's Venezuela analysts in 2023 suggested that these sanctions might be enabling Russian frontmen. US investors warned of the foreign-policy risk close to home.
We did warn you there would be political and geopolitical consequences for the Putin - Carlson interview and why it was unwise. It doesn't necessary have to directly relate to Russia either. https://t.co/mKVNaO5u3F
Contra Tucker Carlson, we do not need to hand it to authoritarians under any circumstances or speak in flattering terms about Vladimir Putin's ability to govern. https://t.co/fDzqJH4OQM
Contra Tucker Carlson, we do not need to hand it to authoritarians under any circumstances or speak in flattering terms about Putin's ability to govern. https://t.co/fDzqJH5mGk
US financial sanctions have for years banned investors from trading bonds from adversaries like #Russia, #Belarus. State Dept’s #Venezuela analysts in a 2023 classified cable said those sanctions are counterproductive and may enable Russian frontmen. https://t.co/ZxJkfGDgp4
Was Russia trying to gain influence in America's backyard? That's what a group of Wall Street firms argued to get Washington to drop a ban on trading Venezuelan bonds. https://t.co/MiLo6c0cwB via @WSJ
Wall Street wanted to end US sanctions that left their #Venezuela bond investments worthless. So they fed intel to Biden admin saying #Russia was meddling in Venezuela debt, a US foreign policy risk. The sanctions were ended, investors got big windfall https://t.co/l0ItQfWTpW
Was Russia trying to gain influence in America's backyard? That's what a group of Wall Street firms argued to Biden administration officials to get Washington to end a ban on trading Venezuelan bonds. https://t.co/A3RjXGPV9A via @WSJ
Was Russia trying to gain influence in America's backyard? That's what a group of Wall Street firms argued to get Washington to drop a ban on trading Venezuelan bonds. https://t.co/BdPGPzMpNM https://t.co/BdPGPzMpNM
🔴 US INVESTORS WARNED RUSSIA'S MOVES CREATE FOREIGN-POLICY RISK CLOSE TO HOME - WSJ. https://t.co/w0H34ookkO