Editor’s note: Moses Becker is a special political commentator for News.Az, holding a PhD in political science and specializing in interethnic and interreligious relations. The views expressed in this article are the author’s own and do not necessarily reflect the position of News.Az.

During previous informal talks with the American side, Venezuelan President Nicolás Maduro stated his readiness to resign, but not earlier than in 18 months, a source familiar with the progress of the negotiations told CNN, News.Az reports.

Nicolas Maduro on Friday took the oath as the president of Venezuela, marking the start of his third term in office as the South American country's head of state, News.az reports citing Reuters.

Venezuelan President Nicolás Maduro stated at the 24th ALBA summit plenary that member countries of the Bolivarian Alliance of the Americas (ALBA) are actively contributing to the creation of a multipolar and fair world, News.Az reports citing the TASS.