We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
People carry Venezuela's national flag to protest the election results that awarded Venezuela's President Nicolas Maduro a third term, in Maracaibo, Venezuela, on July 30, 2024.
Based on exit polls from around 90% of the votes from last Sunday's election, opposition leaders say González beat Maduro by a large margin, and international pressure is building against Maduro. On Thursday, Brazil, Mexico, and Colombia called on Caracas to release detailed tallies of the vote, and the European Union has said it would not recognize Maduro’s claimed victory without independent certification of the election results.
Still, the US announcement is unlikely to change anything on the streets of Venezuela, where protesters have been demanding Maduro to accept defeat. Demonstrations, which have led to violent clashes with authorities and hundreds of arrests this week, are ongoing.
But Washington's move is likely to spur on the protesters. President Joe Biden, meanwhile, is mulling whether to reintroduce sanctions against Venezuela, despite it being a critical source of oil.