Moving from Grudging Admiration to Unease: Russia Weighs Up the Ousting of Maduro.

A surprise raid on the capital under cover of darkness, ending with the seizure of the nation's leader. Within a day, the foreign force announces its plan to rule indefinitely.

That was the scenario Russia's president envisaged his large-scale offensive of Ukraine playing out in early 2022. Instead, it was the former US president who executed it in Venezuela, in a move widely condemned internationally, whisking away the Kremlin's historic ally the Venezuelan president, who is set to be tried in New York.

Official Outrage and Private Thoughts

In public, Moscow's representatives have reacted with anger, denouncing the operation as a flagrant violation of global norms and a dangerous precedent. Yet beyond the rhetoric, there is a sense of reluctant admiration – and even jealousy – at the effectiveness of a coup that Russia once planned, but failed to execute due to a series of intelligence blunders and Ukraine's strong resistance.

“The mission was executed competently,” wrote the pro-Kremlin Telegram channel Dva Mayora. “In all probability, this is exactly how our 'special military operation' was meant to unfold: swift, dramatic and decisive. It’s difficult to imagine [Valery] Gerasimov planned to be fighting for four years.”

Such commentary have fueled a atmosphere of soul-searching among pro-war voices, with some publicly wondering how Russia's promised blitzkrieg in Ukraine turned into a protracted and deadly war.

A pro-Kremlin tech entrepreneur, said she felt “embarrassment” on Russia's behalf given how brazen the American action seemed. “In the space of a day, the US detained Venezuela's leader and apparently concluded his own 'military mission,’” she wrote.

Allies in Decline

For over twenty years, Venezuela worked to build a web of anti-American allies – from Moscow and Beijing to Cuba and Iran – in the hope of forging a alternative bloc capable of standing up to Washington.

However, even with Russia's foreign minister vowing backing for the Caracas government as recently as late December, few serious analysts ever believed Moscow would intervene meaningfully.

Mired in Ukraine, Russia has, over the past year, seen other important partners fall from power or deteriorate significantly – from Syria's leader to an ever-more fragile Iran – exposing the constraints of the Kremlin's global influence.

“For Russia, the circumstances are profoundly awkward,” said Fyodor Lukyanov. “Venezuela is a key ally and fellow traveler, and Maduro and Putin have longstanding ties, leaving Moscow with little choice but to voice condemnation. Yet providing any real assistance to a country so distant is simply not feasible – for technical and logistical reasons.”

Focus on the Main Front

Analysts point to a deeper strategic consideration. Putin's priority, experts note, is Ukraine – and maintaining a good relationship with Trump on that front far outweighs the destiny of Caracas.

“The Russian and American leaders are presently engaged with a much more significant issue for Moscow: Ukraine. And for all the Kremlin's sympathies towards Caracas, it is unlikely to upend a much larger strategic game with a vital counterpart over what it sees as a secondary concern,” the analyst concluded.

Tangible Costs and New Threats

Nevertheless, Russia's loss of Venezuela carries several tangible costs for Moscow. If a pro-American administration were to emerge in Caracas, American military specialists could gain access to large parts of the Venezuelan armed forces' arsenal, including sophisticated weaponry supplied by Russia.

Those include S-300VM anti-aircraft systems sent over a decade ago, as well as an unknown quantity 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 unlikely ever to be recovered.

A more pressing concern for Moscow, however, is crude oil: US access to Venezuela's enormous oilfields could depress international oil prices, threatening one of Russia's key revenue streams.

“If our American 'partners' gain access to Venezuela’s oilfields, more than half of the world’s oil reserves will end up under their control,” wrote Oleg Deripaska. “And it appears their plan will be to ensure that the price of our oil does not rise above $50 a barrel.”

A Dark Optimism

Yet, some in Moscow see room for a grim silver lining. The US seizure of Maduro, they contend, could strike a decisive blow to the rules-based international order and usher in a more openly power-based world order – one where might, rather than law, shapes outcomes.

“Team Trump is ruthless and pragmatic in pursuing its country's interests,” wrote Russia's former president approvingly. “Ousting Maduro had no connection to drugs – only oil, and they freely acknowledge it. The law of the strongest is clearly more powerful than international law.”

Brandon Russo
Brandon Russo

A financial analyst with over a decade of experience in precious metals markets, specializing in global economic impacts on commodity prices.

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