The crisis in Ukraine, that broke out in 2013 and escalated in 2014, has led to sanction policy and the emergence of significant political divergences between Russian Federation and the West. This has resulted in an intensification of Russia's foreign and economic policy alliances with its neighboring countries as well as with the rest of the BRICS members. In his interview with Cuba's Prensa Latina, Vladimir Putin further classified cooperation with Latin American states as one of the key and

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... ery promising lines of Russia's foreign policy. In light of the above mentioned developments, this paper addresses the Latin American vector of Russian foreign policy using the example of Russian-Venezuelan partnership, which has been intensified after 2004. It explores the underlying key elements of this partnership based on realist and constructivist assumptions and is aimed at outlining foreign policy identities, perceptions and interests constitutive for the cooperation between the two countries. The author concludes, that the cooperation is based both on realist and constructivist elements, whereas Russian interests are mainly realist and Venezuelan constructivist, and that fact could hinder long-lasting and both-way beneficial bilateral collaboration.