Venezuela’s Bolivarian regime is drawing to an end, at least as far as the movement inaugurated by Hugo Chávez that came to power on February 2, 1999 is historically known. Between that date and the capture/kidnap/transfer (whatever you want to call it) of Nicolás Maduro to the United States, almost 27 years have passed. A failure in economic terms, especially when it comes to the relationship with Argentina. For this country, it was bad business, almost as bad as could be – among the worst in the history of Argentina’s international economic relations with any of its historic partners. Dollars, markets and even Argentine companies were lost, not to mention driving various other firms into crisis.
The economic, financial and commercial interaction between the two countries has four milestones worth mentioning. These describe the way in which the history of monetary relations between Argentina and Venezuela was woven: the dollars loaned by Chávez to Néstor Kirchner between 2005 and 2006; the bids to co-opt the SanCor dairy company; Pescarmona’s position as a de luxe supplier of turbines for the regime; and the nationalisation of the Sidor steel plant in the hands of Techint. Others – the attempt by PDVSA, Venezuela’s state oil company, to install a nationwide network of service stati
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