Moving from Reluctant Respect to Disquiet: Moscow Considers the Fall of Maduro.

A surprise raid against the capital city under cover of darkness, ending with the capture of the country's president. By the next morning, the intervening power declares its plan to rule for an indefinite period.

That was the scenario Vladimir Putin envisaged his full-scale invasion of Ukraine playing out in February 2022. Instead, it was Donald Trump who executed it in Venezuela, in a operation labeled illegal by many, spiriting away the Kremlin's longtime partner 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 grudging respect – and even jealousy – at the efficiency of a coup that Russia once imagined, but failed to execute due to a series of intelligence blunders and stiff Ukrainian opposition.

“The operation was carried out with precision,” noted the pro-Kremlin Telegram channel a popular military blog. “Most likely, this is exactly how our 'military campaign' was supposed to proceed: swift, dramatic and conclusive. It’s difficult to imagine [Valery] Gerasimov expected to be fighting for this long.”

Such commentary have fed a mood of soul-searching among hardline commentators, with some openly questioning how Russia's promised blitzkrieg in Ukraine morphed into a protracted and deadly conflict.

A pro-Kremlin tech entrepreneur, said she felt “embarrassment” on Russia's behalf given how brazen the US intervention seemed. “Within 24 hours, the US detained Venezuela's leader and apparently concluded his own 'military mission,’” she wrote.

Allies in Decline

For more than two decades, Venezuela sought to cultivate a network of partners opposed to Washington – from Moscow and Beijing to Cuba and Iran – in the hope of forging a alternative bloc capable of standing up to Washington.

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

Bogged down in Ukraine, Russia has, recently, watched other key allies fall from power or deteriorate significantly – 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 Maduro and Putin have longstanding ties, leaving Moscow with little choice but to express outrage. Yet providing any real assistance to a country so far away is simply impossible – for practical and operational reasons.”

Focus on the Main Front

There is also a deeper strategic consideration. Putin's priority, analysts say, is Ukraine – and maintaining a good relationship with Trump on that front greatly exceeds the fate of Caracas.

“Putin and Trump are currently focused on 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 lesser priority,” the analyst concluded.

Tangible Costs and New Threats

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

This arsenal encompasses S-300VM anti-aircraft systems sent over a decade ago, as well as an undisclosed number of Pantsir and Buk-M2 systems provided during late 2025.

Moscow has also provided billions in loans to Venezuela, much of which it is now unlikely ever to be recovered.

A greater immediate worry for Moscow, however, is oil: American control over Venezuela's vast reserves could push global prices lower, threatening one of Russia's most important sources of income.

“If our American 'partners' secure Venezuela’s oilfields, more than half of the world’s oil reserves will end up under their control,” wrote a prominent Russian billionaire. “And it appears their strategy is to ensure that the price of our oil does not exceed $50 a barrel.”

A Dark Optimism

Yet, some in Moscow see room for a bleak kind of optimism. Trump's kidnapping of Maduro, they argue, could strike a decisive blow to the post-war global system and pave the way for a more nakedly power-based world order – one where might, rather than law, shapes outcomes.

“Team Trump is tough and cynical in advancing its country's interests,” wrote Russia's former president with endorsement. “Ousting Maduro had nothing to do with drugs – only oil, and they openly admit this. The principle of might makes right is evidently more powerful than ordinary justice.”

Stacey Livingston
Stacey Livingston

Elara Vance is a financial strategist with over a decade of experience in wealth management and personal finance coaching.