The US has presented a 'Democratic Transition Framework for Venezuela' which proposes that both Maduro and Guaido would step down and cede power to a five-member council pending elections.
Once the council is functioning and Venezuela frees itself of foreign military forces - namely from Cuba and Russia - the US has stated that it will consider sanctions relief.
Venezuela has been experiencing humanitarian impacts since the imposition of broad US sectoral sanctions in 2017 and, in light of the Coronavirus crisis, these impacts are ever more acute. Calls have been growing therefore for Venezuelan leaders to seek a solution.
“This framework can provide a path that ends the suffering and opens the path to a brighter future for Venezuela,” said Pompeo in Washington.