Berliner Boersenzeitung - Venezuelan opposition blindsided by Trump, waiting it out

EUR -
AED 4.241003
AFN 73.32143
ALL 96.264457
AMD 435.49084
ANG 2.066822
AOA 1058.764604
ARS 1597.949484
AUD 1.676973
AWG 2.078272
AZN 1.967396
BAM 1.962489
BBD 2.325728
BDT 141.683564
BGN 1.973561
BHD 0.435685
BIF 3427.417086
BMD 1.154596
BND 1.486969
BOB 8.008298
BRL 6.067751
BSD 1.154731
BTN 109.448969
BWP 15.919471
BYN 3.437216
BYR 22630.074075
BZD 2.322286
CAD 1.604831
CDF 2635.36902
CHF 0.921949
CLF 0.027055
CLP 1068.301597
CNY 7.980392
CNH 7.989998
COP 4249.2467
CRC 536.225485
CUC 1.154596
CUP 30.596784
CVE 110.98555
CZK 24.603629
DJF 205.195187
DKK 7.496448
DOP 68.95827
DZD 153.879614
EGP 60.780401
ERN 17.318934
ETB 180.838585
FJD 2.609838
FKP 0.868614
GBP 0.870276
GEL 3.094767
GGP 0.868614
GHS 12.666364
GIP 0.868614
GMD 84.867224
GNF 10137.349919
GTQ 8.837161
GYD 241.720221
HKD 9.035924
HNL 30.608778
HRK 7.557064
HTG 151.366612
HUF 390.276858
IDR 19617.503194
ILS 3.622683
IMP 0.868614
INR 109.529794
IQD 1512.520257
IRR 1516272.693223
ISK 144.047794
JEP 0.868614
JMD 181.759555
JOD 0.818654
JPY 185.080568
KES 149.986359
KGS 100.96983
KHR 4632.238016
KMF 494.167328
KPW 1039.005581
KRW 1741.130593
KWD 0.355512
KYD 0.962293
KZT 558.235579
LAK 25285.644395
LBP 103394.037822
LKR 363.741444
LRD 212.012665
LSL 19.813301
LTL 3.409221
LVL 0.698404
LYD 7.360592
MAD 10.789123
MDL 20.282399
MGA 4820.437097
MKD 61.637435
MMK 2427.526343
MNT 4123.646826
MOP 9.31702
MRU 46.322813
MUR 54.000874
MVR 17.838939
MWK 2005.532983
MXN 20.922547
MYR 4.530678
MZN 73.836825
NAD 19.813296
NGN 1597.337286
NIO 42.397186
NOK 11.20288
NPR 175.114145
NZD 2.009741
OMR 0.444613
PAB 1.154721
PEN 3.994328
PGK 4.975197
PHP 69.911197
PKR 322.367369
PLN 4.298271
PYG 7549.734427
QAR 4.218027
RON 5.111746
RSD 117.558661
RUB 94.006614
RWF 1686.864195
SAR 4.332448
SBD 9.285301
SCR 16.659944
SDG 693.912357
SEK 10.938258
SGD 1.492666
SHP 0.866246
SLE 28.345751
SLL 24211.30527
SOS 659.855623
SRD 43.413994
STD 23897.798134
STN 24.650616
SVC 10.103439
SYP 129.111885
SZL 19.813287
THB 37.940438
TJS 11.033396
TMT 4.041085
TND 3.37839
TOP 2.779989
TRY 51.302613
TTD 7.845709
TWD 36.998328
TZS 2974.800639
UAH 50.614226
UGX 4301.662877
USD 1.154596
UYU 46.739318
UZS 14091.83988
VES 540.268027
VND 30409.162038
VUV 138.27014
WST 3.204592
XAF 658.200578
XAG 0.0165
XAU 0.000256
XCD 3.120353
XCG 2.081103
XDR 0.816058
XOF 655.810693
XPF 119.331742
YER 275.490657
ZAR 19.766671
ZMK 10392.750198
ZMW 21.737094
ZWL 371.779317
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • NGG

    -0.4800

    81.92

    -0.59%

  • BCC

    0.1400

    74.43

    +0.19%

  • VOD

    -0.1400

    14.49

    -0.97%

  • GSK

    -0.1000

    53.84

    -0.19%

  • RIO

    0.8500

    86.64

    +0.98%

  • RELX

    -0.1000

    31.97

    -0.31%

  • AZN

    5.0200

    188.42

    +2.66%

  • BCE

    -0.2200

    25.25

    -0.87%

  • BTI

    0.3749

    57.8

    +0.65%

  • JRI

    -0.2700

    11.8

    -2.29%

  • BP

    0.5100

    46.68

    +1.09%

Venezuelan opposition blindsided by Trump, waiting it out
Venezuelan opposition blindsided by Trump, waiting it out / Photo: Federico PARRA - AFP/File

Venezuelan opposition blindsided by Trump, waiting it out

Its leaders in exile and frozen out by US President Donald Trump, its supporters too scared to claim the streets: Venezuela's opposition finds itself in limbo despite the weekend ouster of authoritarian leader Nicolas Maduro.

Text size:

Widely considered the victors in the 2024 presidential election that Maduro was accused of stealing, the opposition may long have hoped for exactly the kind of operation that saw Maduro whisked away by US troops to stand trial in New York.

But instead of taking his place, the opposition found itself snubbed by Trump as Maduro's "Chavista" movement remained in power and an acolyte was sworn in as acting president.

Analysts and insiders say Venezuela's opposition, led by Maria Corina Machado, lacks the organized structures and expertise needed for governing, and crucially, the support of the military.

"I don't want to lie and say we weren't expecting something different," Freddy Guevara Cortez, of the Voluntad Popular party in coalition with Machado's opposition movement, told AFP of the aftermath of Maduro's fall.

"But I think we understand the dynamics, and what we have to do is adjust to reality," said Guevara, who works for the movement in exile in the United States.

For now, that means waiting out the administration of stand-in president Delcy Rodriguez, a Maduro loyalist that Trump has said he can work with, so long as she toes Washington's line and give it free rein with Venezuela's oil.

"If Delcy Rodriguez does everything Trump wants, she will lose the (internal) support she needs to stay in power," predicted Guevara, a former political prisoner turned researcher.

"And if she doesn't comply with Trump, they (Washington) will probably topple her or something worse," he added.

- 'Total access' to oil -

Rodriguez has the avowed loyalty of Venezuela's military and state institutions: her brother is the influential head of parliament.

Machado, meanwhile, has yet to return to Venezuela from where she disappeared under cover after months in hiding to receive the Nobel Peace Prize in Oslo in December.

Trump, who himself had a keen eye on the Nobel, has since said Machado "doesn't have the support" in Venezuela to be its leader.

And Edmundo Gonzalez Urrutia, who became the opposition's presidential candidate after the Maduro state machinery disqualified Machado, remains in exile.

"The opposition lacks an institutional structure or influence over the government that would allow it to manage the (political) transition," Venezuelan analyst Ricardo Rios told AFP.

For years, Washington tried to get rid of Maduro with a battery of sanctions and an embargo on oil -- of which the South American country has more proven reserves than any other in the world.

The United States supported successive opposition claims to election victory, by Juan Guaido in 2018 and Gonzalez Urrutia in 2024.

Yet with Maduro finally out, Trump turned not to Machado or Gonzalez Urrutia, but to the deposed leader's cronies.

"Trump is 'hacking'" into what remains of Maduro's government, and "making it work for him," said Rios.

Trump himself has said that what he wants from Rodriguez is "total access" to Venezuelan oil.

Machado, who repeatedly praised Trump and his massive military buildup in the Caribbean that ultimately led to Maduro's toppling, said Monday she had not spoken to the Republican since October 10.

The opposition "cannot keep pinning all its hopes on solutions decided in Washington," said Mariano de Alba, a Venezuelan geopolitics expert.

- 'Serpent and its lieutenants' -

Opposition supporters who voted for Gonzalez Urrutia in overwhelming numbers have mostly gone underground while Caracas has seen daily pro-Maduro demonstrations since his ouster.

"Let us stay vigilant, active, and organized until the democratic transition is achieved," Machado urged on social media.

But widespread fear has taken hold ever since thousands of people were arrested for protesting Maduro's contested 2024 election victory claim.

Dozens, possibly hundreds, of opposition leaders and critics remain in exile or under arrest.

Another hurdle is the military's historic allegiance to Maduro and his political movement.

Defense Minister Vladimir Padrino and Interior Minister Diosdado Cabello -- widely seen as the powers behind the throne -- were present Monday for Rodriguez's swearing-in.

And unless they too are deposed, there is little hope of the opposition running Venezuelan institutions in any meaningful way.

"For there to be a transition in Venezuela, Diosdado Cabello cannot be present in it. He is the one who has the power internally," said Jose Antonio Colina, a former Venezuelan military officer who founded the Veppex opposition group for exiled Venezuelans in Miami.

"The United States took the head, took the leader, but internally they left the serpent and its lieutenants."

(Y.Yildiz--BBZ)