Venezuela crisis: Why Russia has so much to lose

As the political and economic pressure on Nicolás Maduro mounts, Venezuela’s president believes there is one person he can rely on – Vladimir Putin.

The Kremlin has accused the opposition leader Juan Guaidó of an “illegal attempt to seize power”, backed by the United States. Moscow says it will do “everything required” to support Nicolás Maduro as Venezuela’s “legitimate president”.

But Russia’s appetite for protecting relations with Caracas may be more limited than its rhetoric suggests.

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