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US urges Venezuela to follow phased plan for democratic transition

US urges Venezuela to follow phased plan for democratic transition

Summary

The U.S. says it supports a phased plan for Venezuela that moves from stabilization and economic recovery to political reconciliation and democratic elections. Secretary of State Marco Rubio discussed the plan with Venezuelan Foreign Minister Oliver Blanco, as opposition leader María Corina Machado called for elections in 2027 and questioned the transparency of a U.S.-linked oil deal.

Key Facts

  • The State Department said the U.S. reaffirmed President Donald Trump’s three-phase plan for Venezuela.
  • Rubio and Blanco discussed Venezuela’s political future at a meeting on Monday.
  • Machado said she had returned to Venezuela to organize a movement ahead of elections.
  • Machado said the plan set out a sequence toward presidential elections in 2027.
  • Interim President Delcy Rodríguez said elections would be held but did not give a date.
  • The article says a September agreement would give a U.S.-linked venture rights to 17 Venezuelan oilfields for 100 years.
  • The article says the U.S. would hold a 35 percent stake in the venture and could buy 20 percent of its oil output at cost.
  • Machado said the oil agreement lacked the transparency Venezuelan society wanted.
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