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Maduro frailty will deepen Venezuela opposition rifts

Tuesday, August 20, 2019

Significance

Economic pressure on Maduro is mounting as foreign companies and banks respond to the August 5 US executive order tightening sanctions to prevent material assistance to his government. International efforts to broker a deal with the ruling United Socialist Party of Venezuela (PSUV) to remove Maduro are intensifying at a moment when his international alliances look vulnerable.

Impacts

  • With Chinese and Turkish financial institutions reconsidering their positions, Russia has emerged as a key arbiter of Maduro’s fate.
  • Withdrawal of the already diminished number of international companies working with Venezuela will deepen the economic crisis.
  • As anticipation builds that Maduro will be toppled, radical right-wing elements will seek to marginalise Guaido in any transition.
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