Craig Kennedy

Energy and Russia expert from Harvard's Davis Center for Russian and Eurasian Studies, interviewed about the impact of Ukrainian strikes on Russia's oil industry.

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Jan 9, 2026 • 45min

Is Trump’s Venezuela operation a ‘gift to Putin,’ and what is the state of Russia’s ‘shadow fleet’?

Seva Gunitsky, a political scientist at the University of Toronto, and Craig Kennedy, a Russian oil expert from Harvard, delve into the intricate ties between Trump’s operation in Venezuela and its implications for Putin. Gunitsky reveals how Maduro’s ousting could ironically empower Putin's geopolitical vision. Kennedy discusses substantial Russian oil sanctions, the feasibility of a shadow fleet, and how access to Venezuelan oil might alleviate some of Russia's market pressures. Together, they explore whether this moment signals a pivotal shift in global power dynamics.

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