Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

US, EU, Latin American countries meet to encourage Venezuela elections

Published 04/25/2023, 02:11 PM
Updated 04/25/2023, 07:37 PM
© Reuters. Colombian President Gustavo Petro and Colombian Foreign Minister Alvaro Leyva attend an international conference on the political crisis in Venezuela, at Palacio de San Carlos in Bogota, Colombia April 25, 2023. REUTERS/Luisa Gonzalez

By Luis Jaime Acosta and Oliver Griffin

BOGOTA (Reuters) -A summit meant to reinvigorate talks between the Venezuelan government of Nicolas Maduro and opposition political parties, attended by representatives from 19 countries and the European Union, produced no concrete results on Tuesday, though a further meeting was planned.

The meeting in Bogota, hosted by Colombian President Gustavo Petro with support from the United States, included Spain, the United Kingdom, Argentina, Brazil and others.

The meeting was meant to help Maduro and the opposition restart stalled talks in Mexico focused on free elections and the possible lifting of sanctions against the government.

Some attendees "will inform President Nicolas Maduro, the opposition political parties and civil society of the results for their evaluation and comments," Colombian Foreign Minister Alvaro Leyva said after the meeting, adding another summit will be held to continue work.

Attendees found common ground over the need for free elections and lifting of sanctions parallel to agreements between the two sides, he said.

Petro met over the weekend with representatives from the Unitary Platform alliance, which represents some of Venezuela's opposition. Neither the opposition nor the government participated directly in the summit.

The Mexico talks, held briefly last year and in 2021, are supposed to provide a roadmap out of the long-running crisis.

The Biden administration has no desire to maintain sanctions into perpetuity, deputy national security advisor Jon Finer told journalists, reiterating it would take concrete steps toward elections for them to be lifted.

"It is about taking real, measurable, concrete steps in the direction of democracy," he said.

The opposition contends that ruling party control of the electoral authority impedes transparent elections.

The government and the opposition last year signed a deal to create a U.N.-administrated humanitarian fund with frozen assets held in the international financial system.

But slow establishment of the fund and other delays caused by a change in opposition leadership have created impatience towards U.S. bureaucracy among the opposition and Maduro.

Venezuela's government reiterated the need for "unilateral, illegal and damaging" sanctions to be lifted in a statement published via Twitter by Foreign Minister Yvan Gil.

© Reuters. Colombian President Gustavo Petro and Colombian Foreign Minister Alvaro Leyva attend an international conference on the political crisis in Venezuela, at Palacio de San Carlos in Bogota, Colombia April 25, 2023. REUTERS/Luisa Gonzalez

Venezuela's return to talks will follow the creation of the U.N.-administered fund, as well as the release of Maduro ally Alex Saab, a Colombian businessman who is in U.S. custody, the statement added.

Former opposition leader Juan Guaido flew to Miami overnight after Colombia opened a process against him for irregular migration.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.