or money to venezuela upwards of sixty billion dollars then it has to any other country in the world it's probably been repaid up to two thirds of that but that leaves anywhere in the neighborhood of twenty to thirty billion dollars venezuela china. analysts say china's leaders are concerned about whether the deals will be honored if the opposition party takes power but for now china continues to voice support from the duros coupled with veiled warnings to the united states. china opposes for interference in the internal affair of especially one as well in government to uphold national sovereignty independence and threatening military interference and continued to support efforts made by the stability. the growing political economic and humanitarian crisis in venezuela has attracted global headlines and concern the main evening news on state controlled television has shown pictures of the protests but so far made no mention of the violence or

suffering of the people. as in africa chinese influence in south america is expanding fast especially in venezuela besides money china has also been helping the mature regime in another important way it's now venezuela's biggest provider of arms including weapons for crowd control which have been proving so effective joining the current unrest still to come on counting the cost of a wake up call for the mining industry in brazil one of the worst disasters in the nation's history puts the spotlight on the world's biggest producer of iron ore. but first more of our top story venezuela there things like rice cooking oil and other basics are in short supply people have to scavenge for food according to reports parts of the coastline have become havens for ex fisherman turned pirates that as well and smugglers in twenty nine thousand are exchanging drugs and guns

for things like nappies and on the other side of the equation the rich and powerful in venezuela known as the balibo gaze many of them a high ranking military the u.s. alleges that they've been stashing their money in safe havens like u.s. luxury real estate in places like miami well oil isn't the only resource in venezuela the country claims to have the world's fourth largest gold mine there were reports this week the president nicolas maduro is getting ready to ship twenty tons of gold out of the country the bank of england has blocked matilda's officials from withdrawing one point two billion dollars worth of gold that's being stored in its faults but joining us now from london is diego campos diego is a principle analyst for country risk in the americas team at i.h.s. market good to have you with us go so we have u.s. slapping sanctions on venezuela a country which relies on oil for ninety five percent of its foreign currency earnings in order to pay for imports this great confusion in the energy markets at

the moment and just how to trade in venezuelan oil what's going to happen. well certainly the sanctions on the old sector are a game changer you will make it very very difficult for the administration who will to get access to the proceeds of this sales. of oil and certainly these going to accelerate pressure for him to step down to go where are venezuela's assets right now unknown billions of dollars hidden in possibly u.s. real estate rumors of gold reserves being flown out of the country pirates in the caribbean we're hearing about at the moment where is or this money well they're really the reason why venezuela sigourney seen such a dire state is because of years of widespread corruption among gorgon officials and big mismanagement some of these procedures have been laundered in

different places in the caribbean in european countries even in the u.s. and some latin american countries and. it's at the moment difficult to precise exactly where these assets located and who has been operating a front man for man your mode of thought gorman official but what is clear is that the national assembly menace well or which is controlled by the opposition and which is the only legitimate democratically elected institution in the country how to use late there to establish the necessary mechanisms so that these assets could be frozen abroad and be channeled to be administration or one way or the head of the national somebody who trust their team or we should all prissy and who has been . recognized by the us make gonna buy most of the american gone trees and many

e.u. countries and i think. the first steps doors trying to get control of these assets we think that the fact that these gone trees have recognized the administration was bought we make it more easy for al thora these of those going to have to frozen those are said but separate and up. those scientists who which don't belong directly to the orbit of various wait up to stay don't quote bodies i mean refineries bank accounts. and so on the u.s. treasury and the u.s. in particular is thinking that necessary steps so that the revenues and they will do all of those are said to go directly to administration or what under the law so to make it more difficult for motherhood to govern we have to remember this by difficult motors not be recognizing they're naturally he still in control of government functions and enjoys the support of the military at least until now and

the fact that way though will axes these funding for he's deeply amount which are being recognized by these countries for humanitarian aid are great steps towards not only baby in the way for a democratic transition but also to generate an influx of revenues for where you go to ministration to get a really good to talk to your counting the cost many thanks for being with us think you are always a pleasure now it's being called the most hated company in brazil violate the world's number one or producer is being held to account for its role in a dam collapse an industrial accident which has devastated a local mining community it's fear that more than three hundred people have died buried under tons of toxic sludge and there's growing anger because this is the second time in five years that valets mining waste has devastated the local environment and a serious daniel swam or has our report from burma deal in brazil. the first funerals are some of the first victims to be recovered and identified the

whole town of bora geno is grieving their brothers and sisters sons and daughters were employees and subcontractors of valley the company that owns the iron ore mine where the dam burst. thank you we didn't hear anything from the company if we had looked for him his body would most probably still be in the mud after the accident we wanted information. francis was thirty four years old married and with a four year old daughter. was missing you know how many people would ever be found how many fathers mothers and kids how we going to cope now i don't know how i will cope but my brother how will his daughter cope without her father how my father being about his son. dozens of bodies have been recovered but many hundreds more remain unaccounted for and with a far we don't have space for more than three bodies in the funeral parlor so many

people are gathering here i might end up doing a collective funeral in the sports center where i think. emergency teams are still involved in the rescue operation although most say there is little hope of finding more survivors. after the tragedy the morning this is a mining town but it's a small town where everybody knows everybody else and with many many more funerals to come the anger people here feel is only going to grow there are already signs of it at lessons not learned at insufficient investment in safety it's mostly directed at the mine known as the same part owners of a nearby mine were at dam burst in two thousand and fifteen killing one thousand people and causing immense environmental damage. in others in this profoundly religious country has their own way of showing their grief and support was locals usage year we came from a nearby city to give emotional and spiritual support. these people who are suffering who brought donations too but we're mostly here to hug and console on

a busy mining is the region's major employer amidst the grief and the recriminations the brazilian government the mining industry and this devastated community must now tackle what is emerging as one of the biggest crises in the country's history joining us now from one of service is humana blanco is the head of latin america research at various maple crossed a risk analysis and forecasting company good to have you with us brazil's frozen more than four billion dollars worth of valets assets the company itself has said that it's going to spend more than one billion dollars decommissioning dams like the ones that failed it's somewhat worrying isn't it that there are potentially more disasters like the ones like the one weeks we saw that could happen. well you know our research at various shows that community opposition and community concerns around mining largely relate to water management issues across latin america one of

those issues is how water is stored and disposed after it has been used in mining operations and of course you know in the case of brazil in and in this particular decision in question there's a lot of work that will need to be done around regulations and in for cement and how the industry responds to this disaster to prevent future ones from occurring again is this a test case for the government environmentalists worried that president bush tomorrow will open up the amazon to more logging. production. this is a timely reminder of potential disasters what lessons will president bush and laura take from. well it remains to be seen if the government will respond to this disaster by reevaluating its own environmental policy the question then becomes you know the risk threats in brazil increased enough. you know

with very responsible business plans environmental management mechanisms would not want to go into these environmental sensitive areas that the government is planning to open up to the sector and the other question is can the government actually implemented reform program around environmental regulation and e.c. environmental regulatory processes or will the government have to go back to the drawing board because of not just investor pressure and even sector pressure because of course the mining sector you know really works very hard to to try to mitigate this perception that all its operations are environmentally damaging when many responsible companies operate in this country's. in a safe manner but there will also be a lot of social pressure even from potentially the president support base if these are communities that are exposed to mining operations and have concerns about

potential environmental disasters following the scandal which which ultimately took down the last government what's your gut feeling about what's what's going to happen. well in the perspective of you know government stability going forward projection indices which look at the six month outlook and the two year outlook we actually see the stability of this government strengthen over the six month period the simple reason for that is because it's a new government in power with a new support base in congress and it's not facing the potential risk of impeachment that we've seen in brazil over the past three years a pretty recurring basis both for dilma rousseff and nischelle turner the question then becomes what happens if this government is unable to deliver the reforms and the changes and improvements it has promised for example on the security front or an economic growth and when we talk about corruption

a corruption is in brazil is not linked to one particular party or one particular administration alone it's really an entrenched problem in the political class and of course there are members of the new administration who are being investigated for corruption and new allegations are emerging every day against different members of the new government so really we need to look at how those investigations involve and whether a threat emerges more in the medium term so we're looking out at the one or two year outlook rather than in the very short six month term. show for this week if you'd like to comment on anything you've seen you can treat me. on twitter but please use the hashtag a.g.c. to see when you do or you can drop us a line counting the cost of. email address. you'll find. links. but that's it for this

edition of counting the cost. of the whole team. thanks for being with us.

and. the parts are.

short films of hope. and inspiration a series of short personal stories that highlight the human triumph against the odds. al-jazeera selects. join a growing list of countries that recognize one why do as venezuela's interim president russia says they're meddling.

pulling back to boyer watching al-jazeera live from the headquarters in doha also ahead a cop caught packed with explosives blows up near a shopping center in somalia's capital killing at least twelve people yemen is crumbling hospitals are overwhelmed by a new health crisis an outbreak of swine flu. and what i described as ones than a century floods in australia homes are submerged in queensland where warnings are issued about hungry quokka tides. and we want to take you straight now to caracas venezuela where the opposition leader one is addressing reporters outside the national assembly in caracas this on the day that several european countries recognize him as the interim president of venezuela dealing another blow to embattled president. nicolas maduro let's listen

in to what horn. i meant with cecilia. you know. her family there was that she was murdered. the twenty fifth of january only because she brought her mother out onto the streets. you. know there was this is it was of. me think from day one she was thirty years old and she was pregnant or was about to have a child unfortunately that of this child. on the tree twenty fifth of december that was she came home and her father. the child's unborn child's father was murdered.

i want to start off with this anecdote. because this tragedy that cecilia and her elders have experience when leaving her child orphaned took happen not. because they murder the most vulnerable. of all. and so you know. johnny her husband did not die in vain but you with all of these political prisoners and everybody said let's let the world know of everything that's going on in. this country today don't. you know though the world is not on the side of why why go in the national assembly

that is really a bit of the side of the venezuelan people we need to build a democracy and the world must rest assure that every step that state and. every time we call for cessation of the usurpation of the dictator. the sound his. apologies there we are having a bit of a difficulty with the connection there in caracas the opposition leader has been addressing reporters outside of the national assembly in caracas venezuela this is coming on the day that several european countries including. france britain spain formally recognized him as interim president of venezuela they joined the u.s. canada and many latin american countries in a doing so. of course has declared himself venezuela's president

nicolas maduro is still the country's leader officially russia backing nicolas maduro and condemning what it calls european interference in venezuela's crisis let's listen once again to one we like to recognize friends. with it for turn it to. equality and spain belgium germany the czech republic go portugal. more than twenty countries have recognized you venezuelan people who have never ceased is supplied and will never do so. to fight for your for your freedom in venezuela. so we are going to remember this day world recognize the sacrifice in the struggle for freedom in venezuela that's today now february fourth

is civic nonviolent day and there's recognition of each and ever venezuela that is the fourth. of february fourth is a day that we didn't give up when we continued a european parliament had already made a pronouncement. and me and the euro deputies the members of the european parliament i have a watching very closely what's going on air they want us to exercise our legal authority. we've said we need for humanitarian aid to get into our country. for all of your family members and all the members of the population because that fifty three and million. dollars and the people who have to get in there at rates at risk and

they're all at risk. there are two short term things we're focused on. that is to bring in. this aid. and this and also. the approval of the of the aid and to get it in to us in this regard canada. we heard from. prime minister just temperate oh announced today. has requested fifty three million dollars where they to be provided in less than a month and as expect as expresses confidence and respect for our

constitution that. the international community has been clear we have to raise the profile of this crisis we are having this yesterday and made a florida spell as they denied they refused to accept humanitarian aid how is it that day. denied this to children who are starving to death. and there's not enough it how can they deny and days have gone they didn't have can they denied the crisis of patients in medicines lacking the shortest says. all of these ambassador bassett as you have venezuela tattooed on their heart they do care and they're trying to bring their voice to the rest of the world and so

therefore. we're trying to be quick and effective to bring about this crisis so that in the behalf of venezuela and on behalf of the parliament. we all want to lead and live a better life from cradle to grave. with. this. recognition and blocked from the european union we are very grateful to him we'd like to. know so let's remember what february say second represents for the rest of the country. more than six sixty six locations throughout the country venezuelans took to the streets to protest to show their support for our guys. rest assured we will rebuild venezuela. with this support and

strength. this is not about why though but rather as citizens we. there was a general who came out against as they did the. judges. also. are questioning this situation is there a discontent in the armed forces he as over the next days once again we all ready started in coup could die in colombia to bring them together. and. we have to determine and the armed forces that determine are they on the side of

the people are they going to protect us and they cannot allow all of the humanitarian aid to come in. salters can save their their mothers their sister their children and not at denying this possibility to receive this as humanitarian aid and must get through. it's now is that time. no is the time soldiers of that of the fatherland kerno as lieutenants privates all you captain in the navy navy captains generals all of you this. time is now and if you have any doubt look at what happened the day before yesterday you have any don't ask your own family what's going on. and they'll show clearly look at your

aunts and uncles look at talk to their mom. and we've spoken about your role in the reconstruction of n. is when to an exercise in sovereignty. brothers and sisters today let us celebrate the february fourth soldiers men and women we continue to wait for you now is the time questions in this press conference now questions are inaudible. all right we have been listening there to one guy doe speaking outside of the national assembly in caracas venezuela as opposition leader addressing reporters then his supporters some of them gathered outside.