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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
The Venezuelan presidential crisis was a political crisis concerning the leadership and the legitimate president of Venezuela between 2019 and 2023, with the nation and the world divided in support for Nicolás Maduro or Juan Guaidó.
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
The election and protests occurred amid the Venezuelan crisis – ongoing since 2010 – which resulted in the largest peacetime exodus in history culminating in 7.7 million refugees in the Venezuelan diaspora from the Venezuelan refugee crisis according to the United Nations High Commissioner for Refugees.
During the crisis in Venezuela, the United States applied sanctions against specific Venezuelan government entities and individuals associated with the administration of Nicolás Maduro, along with sanctions applied by the European Union, Canada, Mexico, Panama and Switzerland. Through April 2019, the U.S. sanctioned more than 150 companies ...
6 January – Venezuela breaks off diplomatic relations with Paraguay after the latter's president Santiago Peña recognizes Edmundo González Urrutia as president-elect of Venezuela. [ 3 ] 9 January – Opposition leader María Corina Machado is arrested by government security forces after leaving a rally in Caracas .
During the Venezuelan presidential crisis concerning the legitimate President of Venezuela, reactions and responses to the crisis were greatly divided. [1]On 10 January 2019, Venezuela's opposition-majority National Assembly declared that incumbent Nicolás Maduro's 2018 reelection was invalid, and its president, Juan Guaidó, said that he was prepared to assume the acting presidency.
During the crisis in Venezuela, the United States, the European Union, Canada, Mexico, Panama and Switzerland have applied individual sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals alleged to be involved in human rights abuses ...