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Thursday, November 21, 2024

Venezuela: the power of “chavismo”, or the power of the opposition

For 25 years, the real power in Venezuela has been in the hands of the “Chavistas” – the political force to which Hugo Chavez gave life. It is very symbolic that on his birthday, 28 July, Venezuela held presidential elections. It is worth noting that these elections, originally planned for 2025, were the result of a compromise between Venezuelan President Nicols Maduro and the United States. 

Following the negotiations between the government and the opposition, which took place in Barbados in October 2023 under the patronage of Washington, it was agreed that the presidential elections will be held in 2024, not 2025. The government also guaranteed that the elections would be free and fair, international observers would be allowed to attend, and opposition candidates would be allowed to appeal court rulings barring them from the electoral process. The deal also paved the way for the easing of a series of US restrictions on Venezuela’s oil and gas sector, which has reportedly lost more than $232bn from US sanctions since 2019.

In this piece Ascolta analyses the socio-political situation in Venezuela, as well as the prospects for further escalation of the internal political situation amid the turmoil caused by the presidential elections in the country. The piece also explores possible prospects for the state’s foreign policy, as well as the risks and threats facing the whole of Latin America. 

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For 25 years, the real power in Venezuela has been in the hands of the “Chavistas” – the political force to which Hugo Chavez gave life. It is very symbolic that on his birthday, 28 July, Venezuela held presidential elections. It is worth noting that these elections, originally planned for 2025, were the result of a compromise between Venezuelan President Nicols Maduro and the United States. 

Following the negotiations between the government and the opposition, which took place in Barbados in October 2023 under the patronage of Washington, it was agreed that the presidential elections will be held in 2024, not 2025. The government also guaranteed that the elections would be free and fair, international observers would be allowed to attend, and opposition candidates would be allowed to appeal court rulings barring them from the electoral process. The deal also paved the way for the easing of a series of US restrictions on Venezuela’s oil and gas sector, which has reportedly lost more than $232bn from US sanctions since 2019.

In this piece Ascolta analyses the socio-political situation in Venezuela, as well as the prospects for further escalation of the internal political situation amid the turmoil caused by the presidential elections in the country. The piece also explores possible prospects for the state’s foreign policy, as well as the risks and threats facing the whole of Latin America. 

This Content Is Only For Subscribers

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