Foreign support will not bring Venezuela investment
Significance Maduro is ending 2018 on a bullish note, before beginning his second six-year term on January 10, 2019. Constant US pressure was met this week with the arrival in Caracas of Russian supersonic bombers, after an official visit by Turkish President Recep Tayyip Erdogan the previous week. The EU is moving behind dialogue efforts, but prospects for negotiations are poor absent a unified opposition movement -- a vacuum that facilitated the ruling United Socialist Party of Venezuela (PSUV)’s landslide in December 9 municipal elections. Impacts Maduro’s government will continue to work around isolation efforts by the Lima Group and the United States. The PSUV’s landslide win in the municipal elections will do nothing to bolster the government’s credibility abroad. The Russian intervention may lead Washington to reconsider strategy on Venezuela.