FLASHBACK: Nicolás Maduro Interview From 2021 on US Relations, Oil Industry

Watch on YouTube ↗  |  January 05, 2026 at 16:51  |  1:24:26  |  Bloomberg Markets
Speakers
Nicolás Maduro — President of Venezuela

Summary

Bloomberg's Erik Schatzker interviews Venezuelan President Nicolás Maduro in a June 2021 conversation about US relations, sanctions, debt restructuring, and rebuilding the oil industry. Maduro pitches Venezuela as an investment destination, says the Anti-Blockade Law guarantees foreign investors, urges oil investors to return, and describes a debt renegotiation plan blocked by sanctions. He also discusses elections, crypto adoption, vaccine access, and relations with China, Russia, Iran, and Colombia.

  • Maduro says Venezuela is not isolated and hopes to normalize relations with the US.
  • He criticizes US sanctions as illegal and cruel, saying they block oil exports, debt payments, and vaccine purchases.
  • He presents Venezuela as open to foreign investment under the Anti-Blockade Law and invites oil investors to help revive production.
  • He says Venezuela has renegotiated its external debt and wants to pay bondholders once sanctions and frozen accounts are resolved.
  • He discusses economic reforms, dollar circulation, the Petro and Bitcoin, and a projected return to growth.
  • He comments on upcoming elections, Norwegian-facilitated talks, border tensions with Colombia, and ties with China, Russia, India, and Iran.
  • He declines to say whether he will run in 2024, emphasizing Venezuela's recovery and stability.
Ideas
Nicolás Maduro President of Venezuela 8:58
Venezuela is open for investment.
Maduro presents Venezuela as open for foreign investment, saying that despite sanctions, the financial sector, bondholders, and oil industry know they can invest in a win-win relationship; the Anti-Blockade Law provides guarantees, and he repeatedly invites investors to come see Venezuela and says it will become a land of opportunities across sectors.
Nicolás Maduro President of Venezuela 9:06
Venezuela oil recovery needs investment.
Maduro says Venezuela has the world's largest oil reserves and existing infrastructure but production has collapsed due to sanctions and lack of financing; he wants to recover output to 1.5 million bpd and eventually up to 5 million bpd, and explicitly urges US oil investors to hurry and invest and produce oil in Venezuela under the Anti-Blockade Law.
Nicolás Maduro President of Venezuela 13:37
Venezuela seeks debt restructuring.
Maduro says Venezuela is a good payer that has declared a renegotiation of its external debt, remains in touch with bondholders, and has a viable financial plan to normalize payments progressively; however, sanctions and frozen bank accounts prevent payment, and normalization depends on the US and G7 allowing access to capital markets.
Nicolás Maduro President of Venezuela 47:05
Venezuela embraces Bitcoin commercial use.
Maduro says Bitcoin and other cryptocurrencies circulate in Venezuela, that people can combine currencies and cryptocurrencies, and that Venezuela was a pioneer in receiving Bitcoin in commercial operations since 2018, creating a crypto-friendly adoption setup despite the country's economic controls.
Up Next

This Bloomberg Markets video, published January 05, 2026, features Nicolás Maduro discussing Venezuela, Venezuelan oil industry, Venezuelan sovereign debt, BTC. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Nicolás Maduro  · Tickers: Venezuela, Venezuelan oil industry, Venezuelan sovereign debt, BTC