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Venezuela in 2026: What Do Recent Developments Mean for the Region and for Europe

Earlier this month, the United States carried out a military operation in Venezuela that resulted in the capture of President Nicolás Maduro, sending shockwaves through global politics and raising intense debate over sovereignty and international law. Europe has responded by reinforcing its longstanding restrictive measures — including travel bans and asset freezes on Venezuelan officials — aimed at pressuring Caracas to respect democracy and human rights, while also increasing support for those affected by the deep socio-economic crisis. In recent years, the Venezuelan crisis has exacerbated migration flows, making Venezuelans one of the largest groups seeking asylum in the EU, which continues to strain EU migration and integration systems. European governments are also watching for broader geopolitical fallout, as Latin American reactions vary and tensions with Russia and other powers complicate cooperation on energy and security issues. Overall, developments in Venezuela could influence Europe’s foreign policy priorities, balancing pressure for democratic reforms with energy market stability and multilateral engagement. On January 21, the ACG held a virtual discussion about the situation in Venezuela and the implications of recent developments for Europe with Latin America and foreign policy expert Irmgard Maria Fellner, Visiting Fellow at the German Institute for International and Security Affairs.