Beijing’s influence in Caracas seen fading, with Washington controlling Venezuela’s oil revenues and debt overhaul, potentially triggering a stand-off.

Delcy Rodríguez’s interim government plans to recognise a $240bn debt, far above market estimates, in a bid to return Venezuela to global markets.

Beijing’s influence in Caracas seen fading, with Washington controlling Venezuela’s oil revenues and debt overhaul, potentially triggering a stand-off.