Venezuelan authorities on Monday approved a new, privately run foreign exchange system that will operate in parallel to the official currency control system, as an emboldened opposition challenges President de facto Nicolás Maduro.
The US has imposed sanctions on Venezuela's state-owned oil firm PDVSA and urged the country's military to accept a peaceful transfer of power. National Security Adviser John Bolton said President Nicolás Maduro and his allies could no longer loot the assets of the Venezuelan people. Efforts by the opposition to unseat Mr Maduro have increased in recent days.
The US has warned Venezuela that any threats against American diplomats or opposition leader Juan Guaidó will be met with “a significant response”. National Security Adviser John Bolton said any such “intimidation” would be “a grave assault on the rule of law”.
The Security Council convened by the United States this Saturday to discuss the institutional and political crisis that Venezuela is experiencing has been lifted this afternoon. With a strongly polarized participation, the bloc that supports the transitional government of Juan Guaidó with the US at the head, faced the block that recognizes as legitimate the regime of Nicolás Maduro, headed by Russia and China. Latin American countries also expressed their positions, describing the case as a crisis that directly affects the region.
Venezuelan opposition leader Juan Guaidó has rejected an offer of talks from President Nicolás Maduro amid an ongoing power struggle between the two. Guaidó declared himself “acting president” on Wednesday, a position that has been recognized by several countries, including the US, Canada, the Lima Group and some EU members, but not the EU as a block..
Russia joined on Friday to countries that offered to safeguard peaceful mediation between the government of President Nicolás Maduro and the President of the National Assembly, proclaimed interim president of Venezuela, Juan Guaidó. The government of Vladimir Putin said that they are prepared to cooperate with all global forces acting responsibly, RIA news agency reported.
Russia on Thursday accused the United States of trying to usurp power in Venezuela and warned against a military intervention by confronting Washington and the European Union, which backed protests against one of Moscow's closest allies, Venezuelan partial recognized President Nicolás Maduro.
Most Latin American nations recognized Venezuelan opposition leader Juan Guaido as interim president on Wednesday, leaving Nicolas Maduro ever more isolated as he faces unrest at home and threats from the United States.
Opposition leader Juan Guaido on Wednesday swore himself in as Venezuela’s rightful commander-in-chief in direct challenge to President Nicolas Maduro, who faces growing international criticism for undermining democracy.
Juan Guaido has declared himself president of Venezuela — a move quickly endorsed by several Latin American countries, as well as Canada and the United States. Just two months ago, many people around the world, and even inside Venezuela, may not have known Guaido's name.