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Russia–Venezuela relations include cooperation between Russia and Venezuela in areas of common concern, such as their common status as oil exporters, and policy toward the United States. [1] Venezuela is Russia's most important trading and military ally in Latin America. [2] Russia recognizes Nicolás Maduro as the president of Venezuela ...
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Russia has been one of Venezuela’s closest allies since 2006, when President Hugo Chavez, a socialist strongman and fierce critic of the United States, signed a $2.9 billion arms deal in exchange for Russian fighter aircraft. The relationship allowed Russia access to Venezuelan oil assets at below-market prices. Today, Russia’s ties to the country ...
Economic. China has been Venezuela’s other major financial crutch. It views the socialist regime in Venezuela as a geopolitical ally and an important trading partner. Over the past decade, Beijing has lent Caracas some $70 billion, mostly for development projects, in exchange for future oil shipments. Analysts estimate the Maduro regime owes China ...
Security. The island nation is Venezuela’s main political supporter in Latin America, and it reportedly supplies the Maduro regime with large numbers of security and military advisorsto spy on the military ranks, as well as to provide other intelligence. Economic. Cuba has been providing Venezuela with hundreds of doctors, nurses, teachers, enginee...
Maduro’s allies have enabled him to maintain his grip on power despite years of domestic unrest and growing international pressure to step down. Decisions by Russia, China, and, to a lesser extent, Cuba to withdraw their support could prove the Maduro regime’s undoing. On the other hand, increasing their assistance could extend Maduro’s reign. Ulti...
- Rocio Cara Labrador
May 9, 2019 · Maduro claimed the aid was a smokescreen for a U.S. invasion, and ordered the closing of Venezuela's borders with Colombia and Brazil. 1 / 10 : Wil Riera/Bloomberg via Getty Images 2013: Maduro ...
Sep 19, 2017 · Not far from the US, a desperate leader is steering a once-prosperous democracy toward dictatorship. Nicolás Maduro, the president of Venezuela, is scrambling to cling to power as his country is ...
Oct 19, 2020 · Russia’s support extends far beyond the energy and military sectors. For example, Russian businessmen helped Maduro create Venezuela’s oil-backed cryptocurrency, the Petro. When the Petro was launched, the only international financial institution willing to finance it was a Russian bank. Russian media outlets, like Russia Today (RT) and ...
Aug 12, 2024 · People are fleeing because of the economic crisis and repression. In view of this, it is astonishing that Maduro has been able to hold on to power for the past 11 years and has now extended it ...
May 22, 2019 · Moscow will keep supporting the Maduro government because it doesn’t want to lose face, the professor noted. “Moscow doesn’t want to stop supporting Maduro because it will be seen as a sign of weakness, not as a will to compromise,” Jeifets said. “Moscow isn’t going to move on from Venezuela any time soon.”.
