Berliner Boersenzeitung - Can the FANB shield Maduro?

EUR -
AED 4.179351
AFN 72.832566
ALL 91.792114
AMD 414.412929
ANG 2.037458
AOA 1044.695109
ARS 1735.184471
AUD 1.623101
AWG 2.048422
AZN 1.937298
BAM 1.953504
BBD 2.292905
BDT 140.085354
BGN 1.915777
BHD 0.429196
BIF 3428.869951
BMD 1.138012
BND 1.45449
BOB 13.951602
BRL 5.90412
BSD 1.138362
BTN 109.014872
BWP 15.50178
BYN 3.439557
BYR 22305.04424
BZD 2.289609
CAD 1.609798
CDF 2662.949461
CHF 0.941717
CLF 0.027719
CLP 1094.505754
CNY 7.639762
CNH 7.650221
COP 3810.621267
CRC 517.59166
CUC 1.138012
CUP 27.321888
CVE 110.135555
CZK 24.382488
DJF 202.721735
DKK 7.475883
DOP 67.70043
DZD 152.676555
EGP 59.004768
ERN 17.070187
ETB 184.678942
FJD 2.557398
FKP 0.859113
GBP 0.860501
GEL 2.975895
GGP 0.859113
GHS 13.222459
GIP 0.859113
GMD 83.645236
GNF 10012.232335
GTQ 8.693782
GYD 238.190048
HKD 8.92649
HNL 30.555088
HRK 7.526587
HTG 148.984894
HUF 365.481809
IDR 20386.469032
ILS 3.46873
IMP 0.859113
INR 109.041511
IQD 1491.347177
IRR 1564283.479305
ISK 136.857421
JEP 0.859113
JMD 180.108314
JOD 0.806872
JPY 178.946199
KES 147.536596
KGS 99.517144
KHR 4629.558747
KMF 492.759151
KPW 1024.211577
KRW 1541.142061
KWD 0.351236
KYD 0.948685
KZT 504.317261
LAK 25534.987994
LBP 101944.781368
LKR 375.87822
LRD 195.809859
LSL 18.57357
LTL 3.360255
LVL 0.688372
LYD 7.278445
MAD 10.92446
MDL 20.20725
MGA 5026.092689
MKD 61.502714
MMK 2389.100276
MNT 4092.479631
MOP 9.19759
MRU 45.798172
MUR 54.08996
MVR 17.582532
MWK 1973.979925
MXN 20.186631
MYR 4.636373
MZN 72.730692
NAD 18.57357
NGN 1509.437156
NIO 41.890765
NOK 10.873447
NPR 174.423994
NZD 2.011174
OMR 0.438784
PAB 1.138362
PEN 3.864658
PGK 5.072039
PHP 70.951664
PKR 315.453938
PLN 4.372454
PYG 6710.113411
QAR 4.149623
RON 5.268091
RSD 117.31212
RUB 96.099786
RWF 1682.522483
SAR 4.274276
SBD 9.104682
SCR 15.776305
SDG 684.514915
SEK 11.292617
SGD 1.454101
SHP 0.859202
SLE 28.051956
SLL 23863.543066
SOS 650.63529
SRD 42.866086
STD 23554.56031
STN 24.471238
SVC 9.961292
SYP 14796.43831
SZL 18.569175
THB 37.981121
TJS 10.501857
TMT 3.994424
TND 3.370139
TOP 2.740061
TRY 55.737
TTD 7.7429
TWD 36.107655
TZS 3021.348922
UAH 50.976985
UGX 4458.759492
USD 1.138012
UYU 45.606397
UZS 13473.164602
VES 970.077613
VND 29561.011693
VUV 134.727301
WST 3.124667
XAF 655.957
XAG 0.0177
XAU 0.000265551997
XCD 3.075536
XCG 2.051689
XDR 0.804634
XOF 655.957
XPF 119.331742
YER 269.311003
ZAR 18.547247
ZMK 10243.467756
ZMW 22.2069
ZWL 366.439548
SSP 6501.00077
MXV 2.287587
  • RELX

    0.0100

    33.52

    +0.03%

  • NGG

    0.2600

    75.49

    +0.34%

  • BCC

    1.0400

    77.14

    +1.35%

  • BCE

    -0.3300

    20.97

    -1.57%

  • RIO

    0.0900

    94.56

    +0.1%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • GSK

    -0.4100

    49.24

    -0.83%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • AZN

    2.0200

    166.58

    +1.21%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • BTI

    -0.3900

    55.63

    -0.7%

  • BP

    -0.2600

    44.15

    -0.59%

  • VOD

    0.1300

    16.62

    +0.78%

  • JRI

    -0.1500

    11.02

    -1.36%


Can the FANB shield Maduro?




Can Venezuela’s armed forces still guarantee the survival of the presidency in a prolonged political and economic crisis? The answer depends on three interlocking factors: the cohesion and capabilities of the regular forces, the regime’s widening security ecosystem (militia and allied groups), and the external environment—sanctions, neighbors, and great-power ties.

Order of battle vs. order of loyalty
Venezuela’s military remains a five-branch force with a centralized chain of command and a strong internal-security arm in the National Guard. Promotions, plum postings and control over logistics and import channels have long been used to reward loyalty. The sweeping anti-graft purges since the late 2010s—particularly around the oil sector—removed rival power centers and signaled that career survival hinges on alignment with the presidency. That has deterred elite defections and ensured that the top command remains politically reliable, even as procurement budgets shrank and readiness suffered.

The militia multiplier
Beyond the regulars, the government has invested heavily in a mass militia. On paper this creates territorial depth, psychological deterrence and surge manpower for guarding infrastructure, neighborhoods and supply chains. In practice, militia units vary widely in training and equipment. Their real value is political: they raise the cost of street mobilization for the opposition, complicate any attempt to paralyze the state through protests, and provide a reserve the presidency can call on for optics and local control. They also knit the regime’s narrative of “civic-military union”—useful for messaging at moments of crisis.

Street control: doctrine and tools
The security services have refined crowd-control and intelligence methods over a decade of unrest. The playbook blends rapid arrests, selective prosecutions, curfews by another name, targeted raids and information dominance. Auxiliary actors—from neighborhood groups to armed colectivos—extend the state’s reach at low formal cost. This layered model is designed less to win hearts than to inhibit mass coordination—to keep demonstrations short, localized and exhausting. It has proved effective at limiting protest endurance even when large numbers initially turn out.

Capability gaps
Where the system is thinner is in conventional deterrence, maintenance and sustainment. Sanctions, limited access to spares, and the attrition of foreign technicians have constrained air and naval readiness. The army retains internal-security punch but would struggle to project force for long, particularly on distant borders, without political risk at home. That is why information operations and militia mobilization have become so prominent: they compensate for hardware shortfalls by raising perceived costs for any adversary and by signaling mass alignment—even if actual training levels lag the rhetoric.

The regional chessboard
External pressure cuts both ways. Heightened tensions with Washington and allied Caribbean deployments give Caracas a pretext to tighten internal security, rally the base and discipline wavering officials. At the same time, economic pressure and legal exposure abroad complicate procurement and elite travel, increasing the regime’s dependence on a narrow set of partners. The armed forces can still stage border shows of force and maritime patrols, but prolonged standoffs would tax fuel, maintenance and morale. Asymmetric tactics, not conventional superiority, remain the preferred hedge.

What could break the shield?
Fragmentation at the top. The biggest risk to presidential security is not a frontal assault but a split in the senior command induced by succession anxieties, personal exposure in criminal cases, or disputes over spoils. Purges have reduced that risk—but have not eliminated it.

Synchronized urban pressure. The security architecture is built to suppress rolling protests. Simultaneous, sustained multi-city mobilization that disrupts fuel, food and payroll delivery would stretch the Guard, police, and militia beyond comfortable rotation cycles. Security-service overreach. Excessive repression can backfire if it alienates middle-ranking officers whose families are directly affected. Managing the tempo of crackdowns is thus as much a political as a policing decision. Economic shock. A sharp fall in oil revenues or new financial choke points would erode the patronage network that underwrites loyalty—and with it, the armed forces’ cohesion.

Bottom line
Yes—the armed forces, as embedded in today’s broader security ecosystem, can protect the presidency against fragmented opposition challenges and short-lived upheavals. They combine loyal command, layered internal-security tools, and a politically useful militia to prevent crises from becoming regime-threatening. But their shield is resilience through control, not surplus capacity. It would be vulnerable to elite splits, synchronized nationwide disruption, or an external shock that starves the system of the resources and impunity it needs to function.