The Canada Brief

World · 1 d ago

Caracas, Venezuela

Washington urges Venezuela to follow a phased path to elections

The three phases

  • Stabilization
  • Economic recovery and political reconciliation
  • Democratic transition

Secretary of State Marco Rubio met Venezuelan Foreign Minister Oliver Blanco on Monday and reaffirmed President Donald Trump's three-phase plan for the country.

Maria Corina Machado, Venezuelan opposition leader

Opposition leader Maria Corina Machado returned to Venezuela last week to organize a movement ahead of elections. She said the sequence set out by Rubio makes clear that presidential elections will be held in 2027.

What we know

  • Rodriguez promises elections
  • Machado points to 2027

Not yet

  • An official election date

Interim President Delcy Rodriguez, who took over after US forces seized Nicolas Maduro nearly a year ago, said elections would be held but gave no date.

Proven reserves in the 17 oilfields

65 billion barrels

A September deal gives Washington a stake in about one-fifth of Venezuela's oil resources, with 100-year rights over 17 oilfields. Machado said the agreement does not reflect the transparency Venezuelans want.