IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,222,931 ▼ 2.08% COLCAP 2,267.96 ▼ 1.05% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.43% USD/MXN17.42▲ 0.18% USD/CLP924.00▼ 0.22% USD/COP3,225▼ 1.09% USD/PEN3.38▼ 0.06% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.46% BRENT 84.43 ▼ 0.61% WTI 78.45 ▼ 1.44% IRON ORE 161.91 — — COPPER 6.29 ▼ 0.04% GOLD 3,977 ▼ 1.66% SILVER 55.78 ▼ 2.34% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.81 ▼ 0.93% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,260 ▼ 3.58% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,558 ▼ 1.52% BYMA 301.50 ▼ 0.82% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.51 ▼ 2.50% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.96 ▼ 2.57% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.84 ▲ 2.56% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.81 ▼ 0.93% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.13 ▲ 0.08% FEMSA ADR 129.53 ▲ 0.59% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.01 ▼ 1.94% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 64,144 ▼ 0.88% ETH 1,873 ▼ 2.32% SOL 75.80 ▼ 1.89% XRP 1.10 ▼ 1.42% BNB 575.05 ▼ 0.87% ADA 0.16 ▼ 1.63% DOGE 0.07 ▼ 1.28% AVAX 6.60 ▼ 1.44% LINK 8.41 ▼ 1.45% DOT 0.85 ▲ 0.90% LTC 45.14 ▲ 0.04% BCH 221.36 ▼ 0.80% TRX 0.32 ▼ 0.36% XLM 0.19 ▲ 0.94% HBAR 0.07 ▼ 1.13% NEAR 2.03 ▼ 1.75% ATOM 1.53 ▼ 1.51% AAVE 92.28 ▼ 3.70% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.04 ▼ 0.54% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.39▲ 0.38% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.37▲ 0.12% USD/CNY6.77▲ 0.05% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.18% GBP/USD1.35▲ 0.59% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 16.73 ▲ 6.76% USD/CAD1.41▲ 0.06% US10Y 4.5690 ▲ 0.53% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,222,931 ▼ 2.08% COLCAP 2,267.96 ▼ 1.05% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.43% USD/MXN 17.42 ▲ 0.20% USD/CLP 924.00 ▼ 0.22% USD/COP 3,225 ▼ 1.09% USD/PEN 3.38 ▼ 0.07% USD/ARS 1,475 ▼ 0.07% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.80% USD/TTD 6.75 ▲ 1.81% EUR/BRL 5.84 ▲ 0.50% BRENT 84.43 ▼ 0.61% WTI 78.45 ▼ 1.44% IRON ORE 161.91 — — COPPER 6.29 ▼ 0.04% GOLD 3,977 ▼ 1.66% SILVER 55.78 ▼ 2.34% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.81 ▼ 0.93% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,260 ▼ 3.58% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,558 ▼ 1.52% BYMA 301.50 ▼ 0.82% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.51 ▼ 2.50% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.96 ▼ 2.57% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.84 ▲ 2.56% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.81 ▼ 0.93% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.13 ▲ 0.08% FEMSA ADR 129.53 ▲ 0.59% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.01 ▼ 1.94% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 64,144 ▼ 0.88% ETH 1,873 ▼ 2.32% SOL 75.80 ▼ 1.89% XRP 1.10 ▼ 1.42% BNB 575.05 ▼ 0.87% ADA 0.16 ▼ 1.63% DOGE 0.07 ▼ 1.28% AVAX 6.60 ▼ 1.44% LINK 8.41 ▼ 1.45% DOT 0.85 ▲ 0.90% LTC 45.14 ▲ 0.04% BCH 221.36 ▼ 0.80% TRX 0.32 ▼ 0.36% XLM 0.19 ▲ 0.94% HBAR 0.07 ▼ 1.13% NEAR 2.03 ▼ 1.75% ATOM 1.53 ▼ 1.51% AAVE 92.28 ▼ 3.70% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.04 ▼ 0.54% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.40 ▲ 0.71% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.38 ▲ 0.15% USD/CNY 6.7725 ▲ 0.22% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1443 ▼ 0.22% GBP/USD 1.3475 ▼ 0.46% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 16.73 ▲ 6.76% USD/CAD 1.4051 ▲ 0.10% US10Y 4.5690 ▲ 0.53%
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Analysis Latin America

Russia’s Silence on Venezuela: U.S. Naval Power and the New Hemispheric Order

By · September 2, 2025 · 4 min read

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(Analysis) When eight U.S. warships and a nuclear submarine surged into the Caribbean in late August, President Nicolás Maduro denounced the move as “the greatest threat in a century.”

He vowed to turn Venezuela into a “republic in arms” if Washington dared invade, and paraded millions of reservists to prove his defiance. Yet amid the spectacle of U.S. naval power and Venezuelan defiance, a striking absence stood out: Russia’s silence.

For years, Moscow has been Caracas’s loudest patron, sending bombers, warships, and weapons whenever Washington flexed its muscles in Latin America.

The Kremlin’s defiance was a hallmark of the post-Cold War rivalry, a way of reminding the U.S. that it could stir turbulence in America’s own backyard.

But this time, as the U.S. Navy assembled one of its largest deployments in the region in decades, Russia limited itself to cautious diplomatic statements and phone calls. No bombers, no flotillas, no fiery threats.

Why? The answer reveals much about the shifting balance of global power in 2025.

From bombers to words

Contrast today’s caution with 2008, when Russia dispatched Tu-160 bombers to Caracas at the height of its standoff with the West over Georgia. Or 2018, when the same aircraft landed in Venezuela again, prompting U.S. denunciations.

Russia’s Silence on Venezuela: U.S. Naval Power and the New Hemispheric Order
Russia’s Silence on Venezuela: U.S. Naval Power and the New Hemispheric Order. (Photo Internet reproduction)
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At those moments, Moscow reveled in symbolic shows of force, projecting itself as a global counterweight to Washington.

Even in 2019, when the U.S. recognized opposition leader Juan Guaidó as interim president and hinted at intervention, Russia rushed advisers and vowed to shield Maduro. The Kremlin’s message was clear: Latin America was not America’s alone.

In 2025, however, with U.S. destroyers and missiles off Venezuela’s coast, Moscow has offered Maduro only rhetorical solidarity.

The Russian foreign ministry condemned the “threat of force” and reaffirmed its “strategic partnership” with Caracas. But beyond words, little.

The Ukraine weight

The most obvious explanation is Ukraine. After more than three years of grinding war, Russia is bloodied, overstretched, and cautious. Its Black Sea Fleet has been battered, its economy drained by sanctions, and its military overstretched by constant mobilization.

In this state, Moscow cannot easily stage bomber flybys in the Caribbean, let alone risk a showdown with superior U.S. forces just miles from American shores.

Latin America may remain geopolitically valuable to Russia, but it is no longer a priority it can afford to defend with bravado. Ukraine comes first, and the rest is triage.

A silent understanding?

There is another possibility. Only weeks before the U.S. naval buildup, Donald Trump and Vladimir Putin met in Alaska – their first summit in six years.

The talks were billed as a step toward ending the Ukraine war. But in international politics, such encounters often cover more ground than press releases suggest.

Did Trump and Putin quietly sketch out spheres of influence – Russia in Eastern Europe, America in the Americas? There is no proof, but the circumstantial evidence is suggestive.

Putin emerged from Anchorage praising Trump’s “constructive” approach, uncharacteristically restrained in his anti-U.S. rhetoric. Days later, as Washington tightened its grip on the Caribbean, the Kremlin’s response was conspicuously muted.

If there is indeed a tacit bargain, Venezuela may have become collateral to a bigger deal: peace, or at least relief, in Ukraine.

Washington’s timing

Even without secret understandings, the U.S. chose its moment well. Russia is distracted. China is cautious. Iran is far away. This is the perfect time for Washington to reassert the Monroe Doctrine in practice, if not in name.

By framing its Caribbean operation as an anti-drug mission, the U.S. avoids the optics of outright regime change while signaling that hostile regimes in its backyard will no longer be tolerated.

For Maduro, this means bluster on the podium but caution in practice. For Putin, it means a reluctant silence, aware that an overextension in the Caribbean could jeopardize his real war in Ukraine.

A new era of hemispheric order

The silence from Moscow marks a subtle but profound change. A decade ago, Russia seized every chance to poke the U.S. in Latin America. Today, weakened by war and perhaps bound by new understandings, it stays in the shadows.

The loudest external defender of Caracas is no longer Russia but China, which has condemned the U.S. naval buildup more forcefully than the Kremlin.

The implications are stark. If Russia once sought to project itself as a global counterweight, it now risks being seen as a regional power hemmed in by its own wars. For Latin America, this means that U.S. dominance may once again be less contested than many believed.

The Caribbean crisis of 2025 is not just about Venezuela or drug cartels. It is a window into the new limits of Russian power – and into how Washington is moving to restore an old order while its rival bleeds elsewhere.

In the silence of Moscow, the world hears the echo of a superpower in retreat.

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