In News : Venezuela’s Supreme Court Appoints Vice President Delcy Rodríguez as Acting President
Analysis
- Venezuela’s Supreme Court has directed Vice President Delcy Rodríguez to assume the role of acting President.
- This development follows a large-scale attack by the US, after which President Nicolás Maduro and his wife were captured and flown out of the country.
- Opposition leader María Corina Machado has called for an opposition candidate to assume power, highlighting ongoing political tensions.
- The situation indicates a constitutional and governance challenge, with the Supreme Court intervening to maintain continuity of executive authority.
- This event may have regional and international implications, particularly for oil exports and diplomatic relations, given Venezuela’s strategic resources and its global trade ties.
Static / Contextual Part
- Geography & Climate: Venezuela is entirely in the tropical region, located between the Equator and Tropic of Cancer.
- Independence & Governance:
- Declared independence from Spain on July 5, 1811, the first South American nation to do so.
- Full war of independence continued until 1823, and Venezuela separated from Gran Colombia in 1830.
- July 5 is celebrated as Venezuela’s Independence Day.
- Current Leadership: President H.E. Nicolás Maduro Moros, in office since 2013; re-elected for a third term starting January 10, 2025.
- Natural Resources:
- Venezuela holds the largest proven crude oil reserves in the world (~300 billion barrels), mainly in the Orinoco Belt.
- Cerro Bolívar has one of the richest iron ore concentrations globally.
- Trade with India:
- Main imports: mineral fuels and oils (especially crude oil), iron & steel, aluminium, copper, lead, zinc, wood products, and more.
- India imported approximately 22 million barrels of Venezuelan crude in 2024.
- Strategic Cooperation: India and Venezuela have explored collaboration in Digital Public Infrastructure (DPI) and Artificial Intelligence (AI) for applications in payments, citizen services, agriculture, health, and education.
Updated – 04 January 2026; 6:38 PM |
News Source:News on Air
Additional Reference Sources:
Infobae – India as Major Crude Buyer
Economic Times – India–Venezuela Cooperation in DPI & AI
Embassy of India, Caracas – About Venezuela