This article offers an analysis of the domestic and international factors shaping the Russo–Venezuelan alliance. We provide a comprehensive analysis to understand the evolution of this alliance and to consider how the political leadership, the regime type, the military sector, the economy, and the presence of China and the United States in Latin America are vital determinants in this alliance. At the policy level, Russia and Venezuela's relationship has opened an opportunity for the Venezuelan government to consolidate power, while for Russia, this alliance has helped offset the influence of the United States in Latin America.