Hi,
It's hard to say. It all depends on frequency bands used in a region. You can check frequency bands used in Venezuela here. You can check RUT950 supported frequency bands here.
As you can see, the RUT950 European model supports some of the bands used in Venezuela, but not all. So it will definitely not work everywhere. If possible, you should buy the model intended for South America (RUT950 M*****).
Some more info on RUT950 frequency bands can be found here.