russia economy venezuela oil assets arms loans write offs maduro 2026

Oil clout, but moscow is eying. · russia deployed a group of officials to present a plan for saving venezuela ’s economy later that year and sent private military contractors from the wagner group to protect maduro in 2019, a. President donald trump’s operation to seize venezuelan president nicolás maduro last saturday, washington quickly began demanding access to the country’s oil market for u. s. · over more than two decades, russia has built deep ties inside venezuela ’s military, energy sector, and political elite -- connections analysts say could persist despite the capture of nicolas. · economic cooperation did not go much further, with one notable exception: Following nicolás maduro ’s capture, silver, oil , and strategic minerals from the orinoco mining arc became the focus of u. s. , chinese, and russian power plays. According to transparency international’s venezuelan branch, in the peak oil years of 2004-2018, russia provided $34 bn to venezuela , primarily to purchase and maintain weapons. · russia could face costly write - offs in venezuela on its oil assets and arms loans , think tank analyst says by huileng tan Whether this pressure will deliver concrete results remains unclear. · an investigative deep dive into venezuela ’ s 2026 collapse and the global scramble for its resources. · moscow, jan 5 (reuters) - venezuelan leader nicolas maduro s capture by the united states has deprived vladimir putin of an ally and could increase u. s. Russian arms , paid for with russian loans.