Cuba–Venezuela relations
Relations between Cuba and Venezuela were established in 1902. The relationship deteriorated in the 1960s and Venezuela broke relations in late 1961 following the Betancourt Doctrine policy of not having ties with governments that had come to power by non-electoral means. A destabilizing factor was the Cuban support for the antigovernment guerrilla force that operates in remote rural areas. Venezuela broke off relations with Cuba after the Machurucuto invasion in 1967, when Cuban trained guerrillas landed in Venezuela seeking to recruit guerrillas and overthrow the government of Raúl Leoni. Relations were reestablished in 1974.
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In 1999 the bilateral relation significantly improved during the Presidency of Hugo Chávez. Chávez formed a major alliance with Cuban president Fidel Castro and significant trade relationship with Cuba since his election in 1999. The warm relationship between the two countries continued to intensify. After decades of close ties in the Caribbean, several governments in the region started to distance from the United States. Hugo Chávez described Castro as his mentor and called Cuba "a revolutionary democracy".
The bilateral relation includes development aid, joint business ventures, large financial transactions, exchange of energy resources and information technology, and cooperation in the fields of intelligence service and military. A characteristic of Cuba-Venezuela ties is that both nations exchange assets with each other which are inexpensive for the sending country but of high significance for the receiving country.