Venezuela held what it called presidential and state legislative “elections” on Sunday, as if voters’ ballots would decide who governs them. As we went to press state television had not announced its results. But it’s safe to say that the winners were whoever Castro’s Cuba—which runs Venezuela—decided they would be. Last week Reuters reported that Venezuelan state-owned oil company PdVSA has purchased almost $440 million of crude in foreign markets this year and delivered it to Cuba on favorable credit terms. “Often at a loss,...

Source: Wall Street Journal May 20, 2018 18:33 UTC