Thursday, April 02, 2026

Democratic Transition Timing in Venezuela

This is Secretary of State Marco Rubio on Fox News:
Q. You met earlier today with the Venezuelan opposition leader, María Corina Machado.  Right now, Delcy Rodríguez seems to have been working well with the U.S.

A. Ultimately, there will have to be a transition phase.  There will have to be free and fair elections in Venezuela, and that point has to come.  And that has to – it’s not forever, but we have to be patient, but we also can’t be complacent.  And so I feel very good about the progress we’ve made in Venezuela in three months. 
He chose both not to discuss the specific people and to remain vague on timing. Vagueness has been a hallmark of the transition plan. But avoiding mention of MCM is interesting because at the same time the administration just lifted sanctions on Delcy Rodríguez, who Trump is clearly very satisfied with. The 2018 sanctions noted the following:
“President Maduro relies on his inner circle to maintain his grip on power, as his regime systematically plunders what remains of Venezuela’s wealth. We are continuing to designate loyalists who enable Maduro to solidify his hold on the military and the government while the Venezuelan people suffer,” said Secretary of the Treasury Steven T. Mnuchin.  “Treasury will continue to impose a financial toll on those responsible for Venezuela’s tragic decline, and the networks and front-men they use to mask their illicit wealth.” 
Delcy Rodríguez still has a hold on the military and the government and the Venezuelan people still suffer. Clearly that isn't the point for the Trump administration. The point is the oil. Elsewhere in the interview:
The second is a phase of recovery.  And that’s what we’re in – the recovery phase – right now, where you’re seeing not just economical recovery going on in Venezuela, but you’re also seeing an economic recovery in a way that’s good for the United States.  I mean, they are shipping all of that oil to our refineries, and that money is being – the profits from that is being deposited into bank accounts controlled by the United States Treasury, and the money is going to the benefit of the Venezuelan people, not being stolen.

What I love is that in the same sentence Rubio says the profits from Venezuelan oil are going into U.S. bank accounts and that now they're not being stolen. 


 



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