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What is it about Turkey?
Yes, we expect places such as Russia and Iran to stick up for Venezuela's hellhole regime, along with its fellow Latin socialist hellholes Cuba, Bolivia, and Nicaragua. But Bloomberg is reporting that U.S. NATO ally Turkey seems to be all in for helping Nicolás Maduro spirit the nation's gold out of the country for his potentially comfortable retirement. The picture emerges of a dictator about to make off with the light bulbs on the way out.
Maduro - Steak - Dinner - Istanbul - Front
Back around when Maduro was eating that big steak dinner in Istanbul in front of Venezuelans for an Instagram post, here's what had been really going on, as Bloomberg reported:
Two months after Venezuelan President Nicolas Maduro visited his counterpart Recep Tayyip Erdogan in Ankara, a mysterious company called Sardes sprang into existence.
Firm - Business - Bang - January - Worth
The firm started business with a bang in January of 2018, when it imported about $41 million worth of gold from Venezuela, the first such transaction between the two countries in records that go back 50 years. The next month its volume more than doubled, with Sardes transporting almost $100 million worth to Turkey.
By November, when President Donald Trump signed an executive order authorizing sanctions on Venezuelan gold — after sending an envoy to warn Turkey off the trade, Sardes had shuttled $900 million of the precious metal out of the country. Not bad for a company with just $1 million in capital, according to regulatory filings in Istanbul.
Country - History - Dictatorships - Iran - Sanctions
The country has a history of helping embattled dictatorships, such as Iran's, evade sanctions through the use of...
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