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Russia has been a powerful ally in Venezuela's complex crisis, having developed political, economic and cultural relations with the Venezuelan state by employing various foreign policy instruments such as mutual support in multilateral fora, foreign aid, loans, commodity trading, military support and cultural diplomacy. What explains this support, despite Venezuela's severe political and economic crisis? Different perspectives have contributed to discussions on shifts in Russian foreign policy towards Latin America since the end of the Cold War. However, studies subscribing to traditional international relations theories have occasionally focused on a single issue or dimension. Such a focus may be problematic when analysing the multifaceted portfolio applied to Russian foreign policy. Based on the Two‐Good Theory approach, its focus on change and maintenance of the status quo, and the concept of substitutability, this research paper elaborates on Russia's foreign policy strategy towards Venezuela to explain policy priorities by examining the alliance with the Venezuelan Maduro regime. Furthermore, the paper highlights the link between the tangible characteristics of energy security and arms sales and intangible aspects, such as cultural diplomacy, which are important explanatory factors of Russian support for Venezuela. [ABSTRACT FROM AUTHOR] more...