PanaTimes

Friday, Feb 03, 2023

Venezuela’s opposition unwilling to back interim Guaido govt for 2023

Venezuela’s opposition unwilling to back interim Guaido govt for 2023

Venezuela’s opposition parties have warned they are likely to withdraw backing for Juan Guaido’s Washington-endorsed interim government in 2023, four people familiar with the matter said, raising questions about the future of the country’s overseas holdings.
Guaido has been the public face of the country’s opposition since the United States and many other governments rejected President Nicolas Maduro’s 2018 re-election as a sham.

But most opposition representatives visiting Washington this week told US officials they would not continue backing him or anyone else as their leader for another year of interim government.

Instead, they want to focus on choosing a candidate to compete against Maduro or whoever represents the government in the next election, tentatively scheduled for late 2023 or 2024.

Guaido in 2019 invoked the constitution to assume a rival presidency. But to the frustration of many Venezuelans, he has failed to dislodge Maduro, who has maintained a grip on power backed by the military and allies Russia, China, Cuba and Iran.

Guaido’s loss of leadership would spell trouble for the parliament-appointed boards that supervise Venezuela’s overseas companies, including Houston-based oil refiner Citgo Petroleum, considered the crown jewel of Venezuela’s international assets.

US courts have recognized the legitimacy of those boards based on the recognition of Guaido as leader.

Venezuelan opposition representatives who attended the meetings in Washington and a spokesperson for Citgo did not immediately provide a comment.

The US State Department said it recognized Guaido and coordinates with his administration “on the steps needed to move forward on a negotiated solution that leads to the restoration of democracy to Venezuela.”

In an interview with CNN on Friday, Guaido said the US administration “ratified one more time” its backing for his government, without providing details on timing, and that according to the Venezuelan constitution his tenure must last until a presidential election takes place.

The potential upheaval comes as US President Joe Biden’s government focuses on global energy security following Russia’s invasion of Ukraine and efforts to curb its energy exports.

Five of six opposition-party representatives told State Department officials on Tuesday they would not support Guaido or any other interim leader, the four sources said. Guaido’s party Voluntad Popular was the only one in favor of a continuation.

But Washington - which has signaled it could ease sanctions on Venezuela if Maduro returns to talks with the opposition in Mexico and takes steps toward holding free elections - had not yet taken a clear position on the matter, the sources added.

A similar move by opposition leaders to ditch Guaido last year was scrapped at the last minute following lawyers’ warnings over the foreign assets, which have long lists of creditors seeking to seize them over expropriation claims.

Lawyers and other experts have differing opinions on Venezuela’s constitutional path to form and maintain an interim government, a situation complicated by the fact that the term of the parliament that appointed Guaido expired at the end of 2020.

US-based Chevron has asked Washington to relax sanctions on Venezuela to allow it to expand its heavily restricted oil operations there. US officials are considering Chevron’s request, but no decision has been made, according to people familiar with the matter.

Under US President Donald Trump’s administration, the United States recognized Guaido as rightful leader in January 2019, and dozens of other countries followed suit. Many of those governments have since backtracked.
Newsletter

Related Articles

PanaTimes
Close
0:00
0:00
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
House Speaker Kevin McCarthy said he will block Reps. Adam Schiff and Eric Swalwell from serving on the House Intelligence Committee
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
Tax fraud verdict again exposes illusion of Trump the master businessman
Tax fraud verdict again exposes illusion of Trump the master businessman.
Yellen hints at ‘national security’ probe into Twitter purchase
×