Washington, Brussels and London should tighten the screws on the Caracas regime
On Friday, Venezuelan President Nicolás Maduro plans to defy his own people and the democratic world by inaugurating himself for a third consecutive six-year term after stealing an election last July. A fresh Maduro term would perpetuate a regime responsible for an economic collapse virtually unparalleled in peacetime, and a wave of repression that has jailed an estimated 1,800 political prisoners and triggered an exodus of nearly 8mn refugees abroad, more than from Syria or Ukraine.
Instead, it allowed Maduro to pocket US concessions on oil sanctions while failing to honour his own promises of a clean election. Maduro’s crackdown since the bogus result and his failure to take up Brazil and Colombia’s offer of negotiation suggest he intends to stay in power for as long as the Venezuelan military will let him. Trump should resist siren voices in the oil and bondholder communities urging him to cut a lucrative deal with Maduro.
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