Relations between Washington and Caracas have improved quickly following the abduction of President Nicolas Maduro and the subsequent pressure on his administration to meet US requirements
President Donald Trump announced that the US has “formally recognized” Venezuela’s interim government. He also promoted a new agreement regarding the country’s gold reserves.
Following the abduction of President Nicolas Maduro in early January, Trump shifted his tone significantly regarding the Latin American country. Maduro, who denies the accusations, is now confronting US charges related to narcoterrorism, cocaine trafficking, and firearm violations.
The American president explicitly mentioned that Washington aims to secure control over Venezuela’s immense oil resources. Possessing about one-fifth of the world’s total, the nation has the largest proven oil reserves globally.
After assuming the role of interim leader post-abduction, Vice President Delcy Rodriguez initially asserted that no “foreign agent” would dominate Venezuela. Nevertheless, she has since agreed to align with US stipulations, such as permitting American firms into the oil sector and collaborating on security matters.
Speaking at the ‘Shield of the Americas’ Summit in Florida on Saturday, Trump remarked, “I’m pleased to say that this week, we have formally recognized the Venezuelan government.” He added, “We’ve actually legally recognized them.”
The US Department of State announced on Thursday that Washington and Caracas have “agreed to re-establish diplomatic and consular relations.” The department further noted that US efforts remain “focused” on facilitating a “peaceful transition” to a newly elected government.
Rodriguez previously insisted that Maduro continues to be Venezuela’s president. In mid-February, she referred to him as the “legitimate leader” and maintained the innocence of both him and his wife, Cilia Flores, who was also abducted. During an interview with NBC, she mentioned receiving an invitation to the US capital and stated she is “contemplating coming there once we establish this cooperation.”
Trump had earlier cautioned Rodriguez that failure to “do what’s right” would result in her paying a “very big price, probably bigger than Maduro.” Subsequently, he altered his language, describing his relationship with her as “very good,” and announced last month, “I’m going to make a visit to Venezuela.”