Venezuela’s opposition parties voted to remove Juan Guaido as their leader, marking an end to a U.S.-backed bid to oust Nicolás Maduro
on the country with support from Russia, Iran and China.
Mr. Guaidó, 39 years, will continue to head both Venezuela’s congress and the interim government until Jan. 5, when his movement’s duties will be divided up. The opposition said it would create a new committee to oversee Venezuelan state assets that came into its control—including U.S. refiner Citgo Petroleum Corp. as well as gold bullion at the Bank of England—and are being targeted by creditors looking to seize them.
Meanwhile, a special panel made up of political representatives will work on negotiations that the opposition is preparing with the Maduro regime, with the hopes of organizing free and fair elections in 2024. The leadership shake-up comes after four years of unsuccessful efforts to dislodge Mr. Maduro through
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