
Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.

The Ministry of Foreign Affairs expressed on Monday, through a statement, its “deep concern” regarding the “serious institutional crisis” and the “acts of intimidation” that led to the arrest and subsequent release of the president of the National Assembly of Venezuela, Juan Guaidó , by officials of the Bolivarian National Intelligence Service (Sebin).

Officials of the Bolivarian Service of National Intelligence (Sebin) retained the deputy Juan Guaidó, President of the National Assembly (AN) and Venezuela’s President-in-charge, when he was going to an open Parliament hall in the north of the country. Minutes later, the parliamentarian was released and attended to the event with a wounded hand and ensuring that the Armed Forces do not want Nicolás Maduro, president considered de facto by the Parliament and part of the international community.

Argentina announced it does not recognize the legitimacy of the mandate initiated on 10 January by Nicolas Maduro, condemns the breakdown of constitutional order and rule of the law, and ratifies full recognition of the National Assembly as the only democratically elected branch of government in Venezuela.

Academics of the Central University of Venezuela (UCV) debated between December 20 and 26 on the constitutional end of Nicolás Maduro's office term between 2014-2019 and propose three clear lines against the question of the oath of office on the 10th of January. The new period (2019-2025) won't be recognized by the International Community.

Venezuela's National Assembly, with opposition majority, denounced on Wednesday the “undue” use of electoral material, noting that official papers that belongs to the National Electoral Council (CNE) was found in gambling centers to print bet vouchers and presented its final report about the investigation into the case of the ex-rebel agent, Oscar Pérez.

Venezuela’s opposition received a European Union prize for human rights and urged the world to keep a close eye on an upcoming presidential election where it aspires to end two decades of socialist rule in the OPEC nation. Foes of President Nicolas Maduro failed to dislodge him during months of street protests this year that turned violent killing more than 125 people, and have been dismayed to see him consolidate his power in recent months.

Mercosur foreign ministers meeting on Saturday in Brazil suspended Venezuela indefinitely for failing to uphold democratic norms amid an intensifying crackdown on dissent in the country. The bloc previously suspended Venezuela in December for failing to uphold commitments it made when it joined the group in 2012.

United States has imposed sanctions on Venezuela's president, Nicolas Maduro, over what it called his illegitimate election of an assembly to rewrite the constitution. All of Maduro's assets in the United States are frozen and Americans are forbidden from doing any business with him.

About a hundred government supporters stormed into Venezuela's opposition-controlled National Assembly, where they beat up several lawmakers. Witnesses said the confrontation came after an assembly session to mark the country's Independence Day, Wednesday July 5th.