• News
  • Science

What Will Maduro's Re-election Mean for Venezuela?

What Will Maduro's Re-election Mean for Venezuela?

The diplomatic row over re-election of Venezuelan President Nicholas Maduro has been spreading like a wildfire in South America.

Luis Emilio Rondon, the sole opposition voice on the electoral council, backed Falcon and Bertucci's claims of irregularities and said he too refused to recognize the results.

If Trump doesn't stop buying oil from Venezuela, why should we take economic measures against Maduro?

Even before the election took place, the US, Canada, the European Union and a dozen Latin American countries said they would not recognise the results.

"The US will not leave Venezuela alone so the country's prospects are grim", he added.

Maduro's re-election was widely denounced by the USA and other world powers over the weekend as his government banned two opposition candidates and lured voters in with food prizes for voting for him. But let's not kid ourselves: they are largely symbolic moves that won't suffice to topple the Venezuelan regime.

Vice President Mike Pence said that the elections were "neither free nor fair". Most Venezuelans depend on government food subsidies, which allows Maduro to exert political controls through food-for-vote programs.

It's a lesson Venezuela could learn the hard way following harsh worldwide reaction to that country's presidential election Sunday which returned President Nicolas Maduro to another six-year term in power.

The statement by Maduro came two days after his reelection victory in a vote that was condemned as illegitimate by the United States and nations across the hemisphere. Washington has already imposed sanctions against Venezuela and blamed Maduro's government for the country's acute economic crisis.

In contrast, Venezuela's regional leftist allies, such as Cuba and Bolivia, sent congratulations.

The Venezuelan government used ample state resources to get voters out on Sunday and public workers were pressured to vote.

Maduro's government, however, said the United States was using new sanctions to sabotage the election.

Falcon called for a new election, complaining about the government placing of almost 13,000 pro-government stands offering "prizes" close to polling stations nationwide.

Major protests, like those seen past year and in 2014, seem unlikely, given widespread disillusionment and fatigue.

Maduro referred to Naranjo as the head of the Central Intelligence Agency in Venezuela.

"Never have we witnessed an global attack as bad as the one that characterized this process", she said. "The third act will be the levying of sanctions on oil companies, the U.S. may possibly block any oil exports just like it has been obstructing oil companies' access to the worldwide banking system to prevent any deals involving Venezuelan oil", Pshenichnikov noted.

For worldwide pressures to work, they should be stepped up, taken in unison and be accompanied by greater unity of Venezuela's opposition parties and escalating protests on the streets.

The benchmark government bond due 2027 was bid up 0.25 points to 29 cents on the dollar while the benchmark PDVSA 2022 recovered about half of its early losses to trade down 0.65 points in price to 26.851 cents on the dollar, according to Thomson Reuters data.

Leave Your Comment

Leave Your Comment


Latest News

Breaking News



Recommended

Kelly sues him for sexual assault and herpes infection

Officials advised her to record a phone call with Kelly on it-in efforts to see if he would admit to giving her the STD. Rodgers also claims that she was contacted by a relative of a different woman who had relations with R.

U.S. employee suffers brain injury in China after 'abnormal sounds'

For most the symptoms occurred around May 2017, but they were first reported in late 2016. The incident appears similar to unexplained "sonic attacks" on diplomats at the U.S.

Britain's M&S sees profit fall for second straight year

M&S is to close 100 stores, amounting to one in three of its core clothing and home branches, over the next four years. M&S admitted its clothing and home division was failing to attract younger customers and families.

Afghanistan: Car bomb kills 3 in Kandahar

The route of the Turkmenistan-Afghanistan-Pakistan-India pipeline passes through large areas under Taliban control or influence. President Ashraf Ghani praised the bravery of the intelligence and security forces for attempting to foil the bombing.

Farm Bill Failure and Trade War Create Uncertainty for Farmers

If 25 Republicans and 193 Democrats sign the petition, the bipartisan coalition can force a House vote on amnesty legislation . Representative Drew Ferguson spoke with News 3 about the potential of the bill he believed was on it's way to passing.

Mowgli is a dark themed 'The Jungle Book', trailer released

Serkis revealed that Bale's performance as Bagheera added a phenomenal warmth and real love to the character's bond with Mowgli . The story will follow the upbringing of the human child Mowgli , who was raised by a wolf pack in the jungles of India.

Why TN is protesting against Sterlite in Tuticorin

The Chief Minister, who held a meeting with his ministerial colleagues and top police officials including DGP T.K. DMK Working President MK Stalin blamed the State government, which had failed to find a solution to the problem.

Trump And South Korean President Plot Strategy On North Korean Nukes

The New York Times reported on Sunday that Mr Trump was asking aides and advisers whether he should proceed with the Kim summit. But he said there are certain conditions that must be met and if North Korea refuses, the meeting will not take place.

Stoke City 'to announce Gary Rowett as new manager on Tuesday'

Now such is the belief that Rowett is the man for Stoke , Bookmakers have closed the market on the next boss. BBC Derby Sport reports that the compensation fee Stoke would need to pay for Rowett would be about £2m.

Nazanin Zaghari-Ratcliffe jailed in Iran faces fresh charges

The Judge told the Revolutionary Court that he would treat her request "on a priority basis. She was reported as saying: "She hasn't seen her father for over two years now".