1. Russia Leverages Venezuela to Expand Influence in Western Hemisphere
- Author:
- Sergey Sukhankin
- Publication Date:
- 01-2026
- Content Type:
- Working Paper
- Institution:
- The Jamestown Foundation
- Abstract:
- Moscow has condemned the U.S. capture of Venezuelan President Nicolas Maduro while avoiding substantive retaliation, demonstrating both symbolic solidarity and an unwillingness to jeopardize relations with Washington. The Kremlin’s relationship with Venezuela enables Moscow to project power beyond Cuba in the Western Hemisphere, access Venezuela’s oil reserves, and cultivate an alliance aligned with an anti-Western agenda. Russian energy firms have gained oil stakes and repayment-in-kind options for investments in Venezuela, while joint financial ventures and Venezuela’s crypto experiments have served as testing grounds for sanctions-evasion mechanisms later adapted by Russia. Arms transfers, military-industrial collaboration, and media partnerships through RT, Sputnik, and TeleSur expanded Russia’s military footprint and narrative reach in the Western Hemisphere, though the financial return on Russian investments remains limited and challenged by U.S. pushback.
- Topic:
- Foreign Policy, Oil, Bilateral Relations, and Power Projection
- Political Geography:
- Russia, Eurasia, South America, Venezuela, and United States of America