Acting President of Venezuela Delcy Rodriguez has consolidated power and initiated an economic opening after the United States' Jan. 3 intervention, which will pave the way for major economic reforms and create opportunities in key economic sectors, though structural bottlenecks and long-term political instability risks will persist. July 3 marks six months since the U.S. military operation that extracted then-President Nicolas Maduro from Caracas and triggered the country's most significant political realignment in decades. Since assuming power, then-Vice President and Oil Minister Rodriguez has replaced several allies of Maduro with loyalists, consolidating power. She has also pursued a pragmatic relationship with Washington and appeased U.S. demands to open the Venezuelan economy by advancing structural reforms designed to attract foreign capital to strategic sectors. In return, the U.S. government issued licenses and partially relaxed sanctions. Lastly, Venezuela has also allowed U.S. military activity in its territory.
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