Venezuela’s President Nicolas Maduro is currently enjoying the backing of Russia in the midst of its leadership divide. Russia had earlier warned the US—one of the countries supporting opposition leader Juan Guaido in Venezuela—to steer away from the ongoing Venezuelan crisis. Russia fears that this could end badly if the US decides to intervene in the matter.
Juan Guaido had on Wednesday declared himself as the acting president, a move that has the backing of USA, Canada and other countries. The move has left Maduro with no choice than to severe all diplomatic relationships with the US.
Russia is willingly to lend support to Maduro. The Deputy Foreign Minister of Russia, Sergei Ryabkov told a news agency, “Moscow would stand with Venezuela to protect its sovereignty and the principle of non-interference in its domestic affairs.”
Ryabkov has warned US to steer clear off the political issues of Venezuela as he thinks it could be disastrous.
In his words, “We warn against that [US intervention]. We consider that would be a catastrophic scenario that would shake the foundations of the development model which we see in Latin America.”
US President Donald Trump has threatened to use the full weight of the US economic and diplomatic power to support Gauido in restoring Venezuela’s shaky democracy.
Among the few countries showing support for Maduro is China and Russia. The two nations have opted to support Caracas by lending it billions of dollars to uphold its economy. The latest crisis has led to the fleeing of several citizens in order to escape the sky-high inflation and starvation.
Turkey, Syria, Mexico, Cuba, Mexico and Bolivia have all shown support, and stood their ground with the Maduro-led government, with Russia in the forefront.
The oil-rich Venezuela has had the military support of Russia since Maduro took over in 2013. Russia sees Venezuela as its strategic partner.
Military supplies from Russia were seen in Caracas last month, a move that didn’t sit well with Washington. In December, Maduro visited Russia to seek its support, both financially and politically.
Amidst the Venezuelan crisis, China – one of the countries standing with Venezuela – has also warned US against intervention. The Asian giant has had partnership with Caracas in the past. A sum of $65 billion was released to Venezuela by China, both in loans and investments over the last decade. Caracas still owes China more than $20 billion.
Maduro won the elections last year and was to be sworn in for a second six-year term when tension began. Many people have contended that the election was far from being free and fair.