Jesus Silva
Press TV, Caracas
The election of Luis Arce as president of Bolivia has been praised by Venezuelans, as Arce is a socialist and political ally of President Nicolas Maduro.
Arce, an ex-minister of economy during the presidency of similarly socialist Evo Morales, embodies the comeback of the previous ruling camp to power.
Venezuelans praise Arce's electoral victory as just a year ago, his mentor, Morales, was ousted from Bolivia's presidency in a US-backed military coup. Venezuelan officials regard the Bolivian vote result as a remarkable triumph against US meddling in Latin America.
Within the framework of its regime change policy, Washington has launched a variety of economic sanctions against Venezuela, including by confiscating oil assets and trying to provoke the nation's economic collapse and Maduro's fall.
Many people say that Venezuela and now Bolivia carry the flag of resistance against the purported US leverage in the Latin American region, as both have chosen the path of socialism and independence.