Lima Group Recalling Ambassadors for Consultations After Elections in Venezuela

Many Venezuelans are rallying behind incumbent Maduro in opposition to Trump's aggressive sanctions against their country

"This money belongs to the Venezuelan people", Trump said.

The Chilean government rejected a result that "lacks all legitimacy and does not meet any of the minimum and necessary requirements to be a democratic and transparent election, in accordance with worldwide standards". Maduro, who views his country as under assault by critics of his leftist government, called it a victory against "imperialism".

The White House said the executive order complicates Venezuela's efforts to sell off financial IOUs known as "accounts receivable". "It's evident those who are in power can't mobilize and don't have the support they once enjoyed".

The National Electoral Council says that President Nicolas Maduro won nearly sixty eight percent of the vote, defeating his main rival, ex Governor Henri Falcon, by nearly forty points.

As the results were being announced, residents of downtown Caracas banged pots in protest just a few blocks from where Maduro supporters were celebrating.

Falcon, a 56-year-old former army officer who failed to gain the endorsement of the main opposition, accused the government of coercing voters.

"We do not recognise this electoral process as valid. we have to have new elections in Venezuela", he said.

Javier Bertucci got around 11 per cent. They underestimated me. Never before has a presidential candidate taken 68 percent of the popular vote. Turnout in the three previous presidential elections averaged 79 percent.

Venezuelan officials have declared socialist leader Nicolas Maduro the victor of Sunday's presidential election.

Reeling from a fifth year of recession, falling oil production and USA sanctions, Venezuela is seeing growing levels of malnutrition, hyperinflation, and mass emigration.

Venezuela's opposition rallied thousands to the streets in protest of President Nicolas Maduro's increasingly autocratic rule a year ago but the movement has since fizzled. About 5.8 million votes went to Maduro and Falcon came in second with 1.8 million votes, according to the electoral board, with 92.6% of the votes tallied.

But he showed no sign of replaying Sunday's vote.

"They underestimated me", Maduro told cheering supporters outside Miraflores presidential palace in Caracas, in the midst of fireworks and confetti.

"What comes next is even worse than before", he said. Accomplishing that should be the focus for global policymakers and Maduro's domestic opponents in the coming weeks and months.

Mainly poor Venezuelans lined up to scan state-issued " fatherland cards" at red tents after voting, in hope of receiving a "prize" promised by Maduro.

"The Russian president wished Maduro good health and success in resolving the social and economic issues facing the country", the Kremlin said in a statement. He says: "We don't recognize the electoral process as valid". National Electoral Council president Tibisay Lucena acknowledged a handful of complaints, but insisted they were minor compared to past elections. "The relevant parties should respect the choice made by the Venezuelan people", Chinese Foreign Ministry spokesperson Lu Kang said.

'I'm hungry and don't have a job, but I'm sticking to Maduro, ' said Carlos Rincones, 49, in the once-thriving industrial city of Valencia, accusing right-wing business owners of purposefully hiding food and hiking prices. He said "permanent dialog" is needed with the entire opposition so that Venezuela could set aside political disputes.

The opposition, a part of which boycotted the elections, stated that the ballot was accompanied with massive violations.

"If you're sick and the doctor gives you few days to live, you don't lay in bed waiting to die", she said. "You seek treatment", said Nayra Martinez, a city employee in the wealthy Caracas district of Chacao who chose to buck her party's call to abstain. We're in the final phase of a tragic cycle for our country. "We have a president of the people!"

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