Delcy Rodríguez, Vice President and Minister of Petroleum of Venezuela, together with the Ambassador of the Russian Federation to Venezuela, Sergey Mélik-Bagdasárov. Photo: X account of the Russian Embassy in Venezuela, also accredited to the Dominican Republic and Haiti.
Guacamaya, October 29, 2025. Caracas hosted the Russia-Venezuela Business meeting this Tuesday, which brought together more than 500 companies from both countries with the goal of strengthening cooperation in key sectors such as energy, finance, agriculture, technology, and artificial intelligence. The event took place amid a regional context marked by tensions with the United States.
At the La Carlota air base Convention Center, representatives from various productive sectors participated in a broad exchange of proposals aimed at consolidating the bilateral alliance. The meeting was held within the framework of the Russia-Venezuela Strategic Partnership and Cooperation Treaty, signed in May and recently ratified by Russian President Vladimir Putin.
During the event, Venezuelan Vice President Delcy Rodríguez highlighted the importance of the energy relationship between the two countries, stating that “Russia and Venezuela together represent 24% of the global energy formula.” In her speech, she noted that the sanctions imposed on the hydrocarbon industries of both nations “have proven to be counterproductive,” as they attempt to marginalize two key players in the global energy market.
“Russia possesses the largest gas reserves on the planet and Venezuela the largest proven oil reserves. It is impossible to exclude us from the global energy equation,” Rodríguez stated.
The forum was held just hours after the Venezuelan government announced the suspension of gas agreements with Trinidad and Tobago, in response to that country’s stance regarding US military maneuvers in the Caribbean, which Caracas considers a “hostile provocation and a threat to regional peace.”
Rodríguez also emphasized the economic strength of both nations despite the sanctions: “Russia surpasses the European Union with a GDP growth of 4.1%, while Venezuela leads Latin America with a projection of 8.5% for 2025,” she said.
For its part, the Russian embassy in Venezuela reported that the forum brought together more than 500 companies linked to the industrial, energy, agricultural, educational, and technological sectors, reaffirming the shared commitment of both countries to productive development and mutual cooperation.
The Strategic Partnership and Cooperation Treaty, currently in force, lays the groundwork for expanding bilateral ties in energy, defense, innovation, transportation, and education, under a common vision of a multipolar world based on sovereignty and mutual respect.
