Why it matters:
This strategic alignment between Caracas and Moscow highlights significant geopolitical shifts and the increasing interplay of international partnerships as nations redefine their positions on the global stage. The 10-year pact emphasizes cooperation in critical sectors such as energy, security, and economic development.
The big picture:
Russian Ambassador to Venezuela Sergey Melik-Bagdasarov announced in an interview with the TASS news agency that Maduro signed a decree putting into effect the "Strategic Partnership Agreement"; this agreement had previously been concluded between Moscow and Caracas on May 7.
What he is saying:
Regarding the significance of this partnership, Sergey Melik-Bagdasarov, the Russian ambassador to Venezuela, stated: “Nicolás Maduro signed the executive order during an official ceremony in the presence of major Venezuelan television networks.”
In light of the signing coinciding with the birthday of Vladimir Putin, Maduro expressed his intention for Venezuela to remain steadfast in its efforts to lead the formation of a just and multipolar global order.
In assessing the signing of this strategic partnership, Jorge Rodríguez, the President of the Venezuelan National Assembly, stated: "It is essential to strengthen relations between Caracas and Moscow, especially given the changes that are taking place at the global level."
Key points:
- The partnership aims to implement a high-level intergovernmental commission to coordinate the agreement's resolutions.
- Cooperative efforts in combating terrorism, drug trafficking, and money laundering will be strengthened.
- Areas of focus include establishing an independent financial infrastructure, enhancing direct air routes, and bolstering cooperation in health, scientific innovation, and defense.
Go deeper:
The Strategic Partnership Agreement extends beyond political allegiance, targeting infrastructural investments and shared projects in the oil, gas, and mining sectors.
Zohre Khazaee - ahmad shirzadian
