A seasoned financial analyst and tech enthusiast with over a decade of experience in market strategy and digital transformation.
A shock assault on the capital in the dead of night, ending with the seizure of the nation's leader. Within a day, the foreign force declares its intention to govern for an indefinite period.
That is precisely how Russia's president imagined his large-scale offensive of Ukraine playing out in February 2022. Instead, it was Donald Trump who pulled it off in Venezuela, in a operation labeled illegal by many, whisking away the Kremlin's historic ally the Venezuelan president, who now faces trial in New York.
Officially, Moscow's representatives have reacted with anger, condemning the attack as a flagrant violation of global norms and a dangerous precedent. Yet beyond the official statements, there is a sense of reluctant admiration â and even jealousy â at the effectiveness of a power grab that Moscow itself once planned, but failed to execute due to a series of intelligence blunders and stiff Ukrainian opposition.
âThe operation was carried out competently,â noted the pro-Kremlin Telegram channel a popular military blog. âMost likely, this is precisely the way our 'military campaign' was meant to proceed: swift, dramatic and conclusive. Itâs difficult to imagine Russia's top general planned to be engaged in combat for this long.â
Such commentary have fed a mood of introspection among hardline commentators, with some openly questioning how Russia's promised blitzkrieg in Ukraine morphed into a long and bloody conflict.
Olga Uskova, said she felt âshameâ on Russia's behalf given how audacious the US intervention appeared to be. âWithin 24 hours, Trump arrested Maduro and seemingly wrapped up his own 'military mission,ââ she stated.
For more than two decades, Venezuela worked to build a network of anti-American allies â from Moscow and Beijing to Cuba and Iran â in the hope of helping to shape a alternative bloc able to challenge Washington.
However, even with Moscow's top diplomat pledging support for the Caracas government just in late December, hardly any experts ever believed Moscow would come to his rescue.
Mired in Ukraine, Russia has, over the past year, watched other important partners lose influence or weaken sharply â from Bashar al-Assad to an ever-more fragile Iran â laying bare the limits of the Kremlin's reach.
âFor Russia, the circumstances are profoundly awkward,â said Fyodor Lukyanov. âVenezuela is a key ally and fellow traveler, and the two leaders have long-term relations, leaving Moscow with no option but to express outrage. But offering any tangible support to a country so distant is simply impossible â for practical and operational reasons.â
Analysts point to a more practical calculation. The Kremlin's main focus, experts note, is Ukraine â and maintaining a good relationship with Trump on that front far outweighs the fate of Caracas.
âPutin and Trump are presently engaged with a far more consequential issue for Moscow: Ukraine. And for all the Kremlin's sympathies towards Caracas, it is unlikely to upend a broader geopolitical contest with a critical partner over what it sees as a secondary concern,â Lukyanov added.
Nevertheless, Russia's diminished role in Venezuela carries multiple concrete consequences for Moscow. If a pro-American administration takes power in Caracas, American military specialists could examine large parts of the Venezuelan armed forces' arsenal, including advanced Russian-made systems.
Those include S-300VM air-defence systems sent over a decade ago, as well as an undisclosed number of Pantsir and Buk-M2 systems transferred in late 2025.
Moscow has also provided billions in loans to Venezuela, much of which it is now probably lost forever.
A greater immediate worry for Moscow, however, is crude oil: US access to Venezuela's enormous oilfields could push global prices lower, endangering one of Russia's most important sources of income.
âIf our American 'partners' secure Venezuelaâs oilfields, over 50% of the worldâs oil reserves will end up under their control,â wrote Oleg Deripaska. âAnd it appears their plan will be to ensure that the price of our oil does not rise above $50 a barrel.â
Yet, some in Moscow perceive a grim silver lining. The US seizure of Maduro, they argue, could deal a final blow to the rules-based international order and usher in a more nakedly 19th-century-style world â one where power, rather than law, determines results.
âThe US administration is ruthless and pragmatic in pursuing its country's interests,â wrote Russia's former president approvingly. âOusting Maduro had nothing to do with drugs â only oil, and they openly admit this. The principle of might makes right is clearly more powerful than international law.â
A seasoned financial analyst and tech enthusiast with over a decade of experience in market strategy and digital transformation.