Tuesday, 02 January 2024 12:17 GMT

Trump Says Venezuela Will Not Hold Elections in Next 30 Days


(MENAFN) U.S. President Donald Trump declared Monday that Venezuela will not hold elections in the next 30 days, insisting the country must first stabilize before any vote can take place.

"We have to fix the country first. You can't have an election. There's no way the people could even vote," Trump told media in an interview.

The announcement came just two days after Venezuelan President Nicolas Maduro was removed from Caracas by U.S. forces, a move that has intensified global scrutiny of Washington’s role in Venezuela’s political crisis.

Trump emphasized that his administration is weighing financial support for U.S. oil companies to accelerate investment in Venezuela’s energy infrastructure. He suggested that subsidies could help rebuild the sector quickly, noting the timeline might be less than 18 months.

The president’s remarks underscore Washington’s dual strategy: preventing elections until conditions are deemed secure, while simultaneously pushing for rapid economic reconstruction. Analysts say the focus on energy highlights Venezuela’s critical role as a major oil producer and the potential for U.S. firms to reshape its industry.

The developments mark a significant escalation in U.S. involvement in Venezuela, raising questions about how soon political institutions might be restored and whether international actors will back Washington’s approach.

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