
This article was last updated on April 16, 2022
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Regarding Washington’s idea of who we “must” support in Venezuela. Russia supports the legitimate authorities. This phrase contains two key words – legitimate and authorities. It is legitimate because only Venezuela’s people have the right to elect their leaders in accordance with the national Constitution. If there are other interpretations, we would like to ask the US a carefully worded question: What legal grounds does the US have to make statements like the ones made in the last 24 hours? The Venezuelan people made their choice…
The authorities – because there are no authorities in Venezuela except President Nicolas Maduro’s government. Mr Guaido can claim to be whoever he wants...
By denying Nicolas Maduro the right and obligations of authority, Washington and its proxies are denying the people of Venezuela “here and now” the right to live in a country which has authorities.”
“In late October 2018, Russia sent a team of experts to Caracas from its Ministry of Finance, Ministry of Economic Development, Russian Central Bank, Federal Tax Service, and a number of other ministries and departments.41 According to official sources, the Venezuelan government requested the presence of senior officials of the Russian ministries in order “to exchange experiences in the field of economic reform.” The inter-departmental expert group public mission was to assist the government of Venezuela in the “development of measures in the field of economic management in a crisis situation.” The Russian experts were to have access to all the necessary information and to remain in Caracas for several months. The head of the mission, Sergei Storchak, is known for his role in the successful negotiations of Russia’s Soviet- era debt to the Paris Club and is considered a key Russian expert in the area of external debt.
At about the same time as the Russian experts arrived in the Venezuelan capital, reports appeared indicating that Russia’s Evrofinance Mosnarbank was helping Venezuela to work around U.S. financial sanctions.42 The bank in question is a joint venture owned by the Fondo de Desarrollo Nacional SA. of Venezuela and two other Russian banks (one of them belonging to Gazprom), and has Russian and Venezuelan nationals on its governing board. In March 2018, it became first international financial institution to back the Venezuelan cryptocurrency, the petro. The government of Nicolás Maduro soon began advising Venezuelan companies to conduct all international transactions via Moscow’s Evorfinance Mosnarbank.
Taking into account the difficulties faced by Venezuela’s chavista government and Russia’s combined investment in Venezuela of up to $20 billion. Vladimir Putin’s government does not appear to view losing its investment as an acceptable. The value of the Bolivarian Republic for Russia American nation for Moscow is is not measured in terms of money alone. There are other interests in play relating to two fundamental aspects of post-Cold war Russian relations with Venezuela. The first is Russia’s recognition that the primary value of the South American nation for the regime in Moscow is its geographical proximity to the United States. The second is an unusual sense of comradeship and trust developed by an important part of the Russian political elite towards Venezuela that dates back to the reign of Hugo Chávez and has continued during the rule of Nicolás Maduro.” (bolds mine)
As you can see, there is a very close relationship between Russia and Venezuela, a relationship that will not disappear simply because Washington wishes it to end. As well as a relationship with Russia, Venezuela also has another key ally as shown here:
It is quite clear that China stands on the side of the Maduro-led government and that the situation should not be resolved by any external forces, namely, Washington.
In the current global geopolitical environment where two nations are poised to impact the current unipolar reality, the situation in Venezuela will prove to be a testing ground with Washington battling for control of Venezuela with two very determined world powers that stand in their way.
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