Moving from Reluctant Admiration to Disquiet: Russia Weighs Up the Fall of Venezuela's Leader.

A shock assault against the capital city under cover of darkness, ending with the seizure of the country's president. By the next morning, the foreign force declares its intention to govern for an indefinite period.

That was the scenario Russia's president envisaged his full-scale invasion of Ukraine unfolding in early 2022. Instead, it was the former US president who executed it in Venezuela, in a move widely condemned by many, whisking away the Kremlin's historic ally Nicolás Maduro, who now faces trial in New York.

Official Outrage and Private Thoughts

In public, Moscow's representatives have expressed fury, denouncing the operation as a flagrant violation of global norms and a worrying development. Yet beyond the official statements, there is a feeling of reluctant admiration – and even jealousy – at the effectiveness of a coup that Moscow itself once imagined, but failed to execute due to a series of intelligence blunders and stiff Ukrainian opposition.

“The operation was carried out competently,” wrote the Kremlin-aligned online channel a popular military blog. “In all probability, this is exactly how our 'military campaign' was supposed to unfold: fast, dramatic and conclusive. It’s hard to believe [Valery] Gerasimov planned to be fighting for this long.”

These observations have fed a atmosphere of introspection among hardline commentators, with some publicly wondering how Moscow's anticipated lightning war in Ukraine turned into a protracted and deadly conflict.

A pro-Kremlin tech entrepreneur, said she felt “embarrassment” on behalf of her country given how audacious the American action seemed. “Within 24 hours, the US detained Venezuela's leader and apparently concluded his own 'special military operation,’” she wrote.

Allies in Decline

For over twenty years, Venezuela sought to cultivate a web of partners opposed to Washington – from Moscow and Beijing to Cuba and Iran – hoping to helping to shape a alternative bloc capable of standing up to Washington.

However, even with Moscow's top diplomat pledging support for the Caracas government just in late December, few serious analysts ever believed Moscow would come to his rescue.

Mired in Ukraine, Russia has, recently, seen other key allies lose influence or weaken sharply – from Bashar al-Assad to an ever-more fragile Iran – laying bare the limits of the Kremlin's global influence.

“For Russia, the circumstances are profoundly awkward,” said Fyodor Lukyanov. “Venezuela is a key ally and ideological ally, and the two leaders have longstanding ties, forcing Moscow into no option but to voice condemnation. But offering any real assistance to a country so far away is simply impossible – for technical and logistical reasons.”

Focus on the Main Front

Analysts point to a deeper strategic consideration. The Kremlin's main focus, experts note, is Ukraine – and keeping a good relationship with Trump on that front far outweighs the fate of Caracas.

“Putin and Trump are presently engaged with a much more significant issue for Moscow: Ukraine. And for all the Kremlin's sympathies towards Caracas, it is not going to jeopardize a broader geopolitical contest with a critical partner over what it sees as a lesser priority,” Lukyanov added.

Concrete Losses and Emerging Risks

Nevertheless, Russia's loss of Venezuela carries multiple concrete consequences for Moscow. If a pro-American administration were to emerge in Caracas, US defense specialists could examine large parts of the Venezuelan armed forces' arsenal, including sophisticated weaponry supplied by Russia.

This arsenal encompasses S-300VM air-defence systems delivered in 2013, as well as an unknown quantity of Pantsir and Buk-M2 systems transferred in late 2025.

Moscow has also extended billions in loans to Venezuela, much of which it is now probably lost forever.

A greater immediate worry for Moscow, however, is oil: US access to Venezuela's enormous oilfields could push global prices lower, endangering one of Russia's key revenue streams.

“If our American 'friends' secure Venezuela’s oilfields, over 50% of the world’s oil reserves will end up under their control,” wrote Oleg Deripaska. “And it appears their strategy is to ensure that the price of our oil does not exceed $50 a barrel.”

A Bleak Silver Lining?

Yet, some in Moscow see room for a bleak kind of optimism. Trump's kidnapping of Maduro, they contend, could strike a decisive blow to the rules-based international order and usher in a more nakedly power-based world order – one where power, rather than law, shapes outcomes.

“Team Trump is ruthless and pragmatic in pursuing its country's interests,” wrote Dmitry Medvedev approvingly. “Ousting Maduro had nothing to do with drugs – only oil, and they freely acknowledge it. The law of the strongest is clearly more powerful than international law.”

Patricia Harrison
Patricia Harrison

Financial analyst with over a decade of experience in international markets and investment advisory.