Bolivarian government under Maduro: 2013–2026
Maduro became president of Venezuela on 14 April 2013, when he won the presidential election after Chavez' death with 51% of the vote, against Henrique Capriles at 49%. The Democratic Unity Roundtable contested Maduro's election as fraudulent, but an audit of 56% of the vote showed no discrepancies and the Supreme Court of Venezuela ruled Maduro was the legitimate president.
Venezuela's history of devaluation of the hard and sovereign bolívar currency continued and food shortages became widespread.
Since February 2014, hundreds of thousands of Venezuelans have protested over high levels of crime, corruption, hyperinflation, and chronic scarcity of basic goods due to government policies. Demonstrations and riots have resulted in over 40 fatalities in the unrest between Chavistas and opposition protesters and opposition leaders, including the arrests of Leopoldo López and Antonio Ledezma. Human rights groups condemned the arrest of López. In late 2014, US President Barack Obama's administration imposed additional unilateral sanctions on the Venezuelan officials involved in the crackdown on the protests. In the summer of 2015, the Venezuelan military initiated an operation in response to opposition paramilitary attacks on police and civil society establishments. In the 2015 Venezuelan parliamentary election, the opposition gained a two-thirds majority. The opposition sought to reverse many Chavez era laws, such as the nationalization of telecommunications and news broadcasting, and secure amnesty for imprisoned opposition leaders charged with corruption or leading violent protests. It also considered a recall campaign against Maduro, but this was infeasible since 7.5 million new voters had been registered since the last recall effort, increasing the number of signatures needed for a recall election. The first law passed by the opposition granted amnesty from prosecution for offenses committed since January 1999, including participation in the 2002 coup attempt.
In January 2016, Maduro declared an "economic emergency", revealing the extent of the crisis and expanding his powers. The government established committees to oversee local food distribution, called CLAPs. Government officials blamed economic sabotage by business interests for the economic crisis, citing examples of eggs and milk being destroyed on the orders of business owners. Corruption also played a role, with shortages incentivizing selfish behavior and the exploitation of social programs. Venezuelans, including some Chavistas criticized the government for being too soft on corruption. In July 2016, Colombian border crossings were temporarily opened to allow Venezuelans to purchase food and basic health items. In September 2016, a study indicated 15% of Venezuelans were eating "food waste discarded by commercial establishments". 200 prison riots had occurred by October 2016.
The Maduro-aligned Supreme Tribunal, which had been overturning National Assembly decisions since the opposition took control in 2015, took over the functions of the assembly, creating the 2017 Venezuelan constitutional crisis. In August 2017, the 2017 Constituent National Assembly was elected and stripped the National Assembly of its powers. The election raised concerns of an emerging dictatorship. In December 2017, Maduro declared opposition parties barred from the following year's presidential vote after they boycotted mayoral polls.
In August 2017, US President Donald Trump's administration imposed more economic sanctions against the PDVSA and Venezuelan officials. US sanctions against Venezuela would escalate over the next two years as part of the Trump administration's "maximum pressure" strategy against the Maduro government. Sanctions in 2017 disallowed US citizens from buying Venezuelan debt and blocked dividend payments to US nationals, crippling PDVSA finances. Another round of sanctions in 2018 and 2019 amounted to an embargo on gold, oil, finance, defense and other public and private entities. $22 billion worth of Venezuelan assets held overseas were frozen. The Trump administration pressured non-US entities to reduce their purchases of Venezuelan oil and intimidated European financial institutions into dropping Venezuelan clients. Francisco Rodríguez (Venezuelan economist) said that sanctions were responsible for 59% of the decline in Venezuelan oil production after August 2017. Sanctions have resulted in international banks blocking payments for medicines, fearing retribution from the US Office of Foreign Assets Control.
Maduro won the 2018 election with 68% of the vote. The result was challenged by Argentina, Chile, Colombia, Brazil, Canada, Germany, France and the US, which deemed it fraudulent and recognized Juan Guaidó as president. Other countries continued to recognize Maduro, although China, facing financial pressure over its position, began hedging by decreasing loans, cancelling joint ventures, and signaling willingness to work with all parties. In August 2019, Trump imposed an economic embargo against Venezuela. The EU and Canada also sanctioned Venezuela. The sanctions froze more than $7 billion in additional Venezuelan assets and embargoed Venezuelan petroleum. Between 2014 and 2020, Venezuela lost 99% of its foreign currency income. Due to the impact of the sanctions, Maduro's government had to implement anti-blockade policies that increased the confidentiality of business transactions with the government, and allowed it to make deals in contravention of constitutional prohibitions on private majority shareholders.
In March 2020, the US Department of Justice indicted Maduro and Venezuelan officials on charges of drug trafficking, narcoterrorism, and corruption. In May 2020, Venezuelan dissidents backed by Silvercorp USA attempted to infiltrate Venezuela by sea and overthrow Maduro in Operation Gideon. The owner of Silvercorp, an ex-US special operations sergeant, said he met with Trump administration officials about the plan. In 2021, American and European financial institutions blocked Venezuela's payments to Covax, preventing it from acquiring COVID-19 vaccines. Sanctions also prevented Venezuela from obtaining oil dilutants, which are needed to turn the heavy crude it produces into an exportable petroleum product. A 2021 deal with Iran gave Venezuela access to dilutants that allowed it to marginally increase its oil production.
In June 2020, a report documented enforced disappearances that occurred in 2018–19. Some 724 enforced disappearances of political detainees were reported. According to Human Rights Watch (HRW), between 2016 and 2019, Venezuela's security forces killed over 19,000 people for alleged "resistance to authority". HRW stated that evidence showed that many of the killings were extrajudicial executions. The report states that Venezuelan security forces had subjected victims to torture and that the government used enforced disappearances to silence opponents and other critical voices.
Maduro ran for a third consecutive term in the 2024 presidential election, while former diplomat Edmundo González Urrutia represented the Unitary Platform (Spanish: Plataforma Unitaria Democrática; PUD), the main opposition political alliance. Polls conducted before the election indicated that González would win by a wide margin. After the government-controlled National Electoral Council (CNE) announced partial results showing a narrow Maduro victory on 29 July, world leaders predominantly expressed skepticism of the claimed results and did not recognize the CNE claims with only some exceptions. Both González and Maduro proclaimed themselves winners of the election. The results of the election were not recognized by the Carter Center and Organization of American States due to the lack of granular results and were disputed by the opposition, which claimed a landslide victory and released access to vote tallies collected by poll watchers from a majority of polling centers as proof. In the aftermath of the announcement of results by the election authorities, protests broke out across the country.