Venezuela’s Collapse Frays Its Economic Ties With Russia
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MOSCOW — In his toughest moments, President Nicolás Maduro of Venezuela has turned to Russia for support.
When the United Statessanctioned the Venezuelan energy industryin January, Russia’s oil firm Rosneft helped to divert its oil exports to Asia. And when rumors of an armed American intervention reached fever pitch in March,two airplaneswith Russian military technicians landed in Caracas — a reminder Russia was on Venezuela’s side.
Yet there is growing evidence that, beyond these high-profile gestures with limited effect on the ground, economic ties between Venezuela and Russia are fraying.