Venezuelan Opposition Mulls Working on Establishing Contacts With Russia

"I think a way of communication between the new government of Venezuela and Russia is going to be established in some way", Olivares said Thursday on the sidelines of a conference for Venezuela. When asked about the contracts between PDVSA and Russia, the deputy said, "The government has to work on that, on establishing a way of communication with Russia to discuss this directly".

Earlier in the day, Guaido’s Representative to Venezuelan state oil company PDVSA’s board, David Smolansky, told Sputnik they hope Russia and China would help the transition of power in the crisis-torn country.

"We hope they [Russia and China] are going to contribute to transition in Venezuela", Smolansky said on Thursday. "I hope they will support democracy".

Venezuelan Supreme Court Annuls Opposition's PDVSA, Citgo Board Appointments

15 February 2019, 00:14 GMT

In January, Guaido said that he had sent messages to Russia and China, claiming that these states were allegedly interested in the change of power in Venezuela, adding a claim that Caracas would be unable to repay loans under the presidency of Nicolas Maduro.

However, Kremlin Spokesman Dmitry Peskov has said that Moscow had not received any messages from Venezuela's self-proclaimed leader Juan Guaido, stressing that Russia does not recognize Guaido as the head of state. Peskov has emphasized that constitutionally elected Maduro and his government remain Moscow's partners.

Moreover, Venezuela, Russia and a number of other countries have recently established a working group at the United Nations to oppose foreign meddling in the Latin American country’s affairs.

On Wednesday, opposition leader Juan Guaido’s office in Washington, DC announced a new board of directors for Citgo, PDVSA’s subsidiary in the United States.

US Firm Still Works in Venezuela Despite Illegal Arms Shipment Allegation

14 February 2019, 16:50 GMT

Later in the day, Venezuela’s Supreme Court of Justice nullified the appointment of new board members, blocked their bank accounts, and prohibited them from leaving the country. PDVSA on Thursday slammed Guaido’s move as an attempt to "steal the wealth of the people".

Venezuelan President Nicolas Maduro has promised to bring to trial those who would recognize the new appointments. On 28 January, the United States blocked $7 billion in PDVSA assets in its jurisdiction and imposed a ban on deals with the entity as part of efforts to facilitate a power transfer.

Protected by Armor: US Sanctions Pose no Risk for Russia-Venezuela Ties - Maduro

30 January 2019, 01:35 GMT

US Treasury Secretary Steven Mnuchin told reporters that by blocking PDVSA assets, the United States was taking care of this company "in the interests of the Venezuelan people". Caracas has slammed the move as unlawful and accused Washington of seeking to get its hands on Venezuelan oil reserves.

On 23 January, Guaido declared himself interim president of Venezuela. The United States and its allies almost immediately recognized him. Russia, China and Mexico have been among the states that backed Maduro amid the ongoing political crisis.