Overview

• The mediation effort, led by leftist leaders of Brazil, Mexico, and Colombia, initially aimed to resolve the disputed Venezuelan presidential election.
• Experts suggest the effort is losing momentum, granting Maduro time to consolidate power and suppress opposition.
• Mexico's president has signaled a step back, awaiting an audit by Venezuela's pro-Maduro supreme court.
• The U.S. has opted for a hands-off approach but maintains significant leverage through sanctions and diplomatic channels.
• Critics argue that without stronger international enforcement, Maduro's regime is likely to endure despite sanctions.