Story perspectives

Russia Slams US Piracy, Backs Maduro Amid Economic Crisis

12/29/2025

Center

Russia Supports Venezuela

Russia condemned the United States for piracy over the seizure of Venezuelan tankers and backed Nicolás Maduro Moros, the Venezuelan president.
Moscow warned that U.S. actions threaten international shipping and could have unpredictable consequences.
Venezuela faces severe economic challenges, with inflation projected to reach 590% by year-end.
The bolívar has lost 80% of its value in 2025.
Despite a slight recovery in oil production, the 2026 outlook remains bleak.

Left

Trump Threatens Venezuela

U.S. President Donald Trump has escalated threats against Venezuela, tied to tensions with Russia and Ukraine.
Despite internal pressures to act against Nicolás Maduro, Trump remains cautious about losing U.S. oil interests.
Recent discussions among Trump and aides show a unified approach to weaken Maduro and secure oil access.
Russia views U.S. actions as potentially justifying its aggression in Ukraine, complicating global power dynamics.

History

Historical Context

Venezuela's economic crisis began in 2015, exacerbated by a drop in oil prices and government mismanagement, leading to hyperinflation that peaked at 1.35 million percent by 2018. U.S. sanctions targeting oil exports intensified the turmoil, while Russia's support for Nicolás Maduro underscores the geopolitical stakes. The crisis has resulted in over 7 million Venezuelans fleeing the country since 2015, highlighting its severe humanitarian impact.

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Russia Supports Venezuela

Russia condemned the United States for piracy over the seizure of Venezuelan tankers and backed Nicolás Maduro Moros, the Venezuelan president.
Moscow warned that U.S. actions threaten international shipping and could have unpredictable consequences.
Venezuela faces severe economic challenges, with inflation projected to reach 590% by year-end.
The bolívar has lost 80% of its value in 2025.
Despite a slight recovery in oil production, the 2026 outlook remains bleak.

1 / 3