Trying to end Venezuela’s never-ending crisis

The imposition of ever-greater sanctions by President Trump has escalated the political tension between President Maduro and his opposition factions. What might have been a promising potential for peaceful talks between President Maduro and National Assembly President Juan Guaido – under the supervision of the Norwegian government – was interrupted by a complete embargo and a threat of secondary sanctions against third-parties this past August on the part of the US. Additionally, the government is inefficient in its management of the country’s oil, and there are legitimate fears that Venezuela will not be able to pay its debt to its biggest creditors, namely China and Russia. The unstable relationship between the US and China over the so-called trade war further complicates matters, as China is hesitant to guarantee unwavering support of Venezuela’s economy in the face of the United States’s denunciation of the Venezuelan regime. There are many unpredictable outcomes to the situation, as Venezuela teeters at the edge: the most likely scenario, with the help of international bodies such as the Lima Group and Norwegian negotiators, will be the peaceful transition of power.