Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, US. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts.

Ousted Venezuelan leader Nicolás Maduro and his wife pleaded not guilty Monday in Manhattan federal court to drug trafficking charges, with Maduro telling a federal judge he had been “kidnapped” from his home.

The US will exert greater power across the Western Hemisphere, the State Department declared following the abduction of Venezuelan President Nicolas Maduro during a raid on Caracas.

For nearly two decades, China has been more than just a trading partner for Venezuela: a key political backer, a financial lifeline during the worst years of sanctions, and an ally willing to defy the isolation imposed by the United States.

Deposed Venezuelan president Nicolas Maduro arrived at a New York court on Monday, just days after being seized in Caracas in a shock US military operation that paved the path for Washington's plans to control the oil-rich country.

A video has appeared showing Venezuelan leader Nicolas Maduro wishing bystanders a “Happy New Year” after being abducted by American forces and flown to New York to face criminal charges.

Venezuela’s Supreme Court ordered Vice President Delcy Rodriguez to assume the role of interim president after Nicolas Maduro was kidnapped by US forces from Caracas and flown to New York to face criminal charges.

The death toll from the US raid to kidnap President Nicolas Maduro has risen to at least 80, which includes both soldiers and civilians, the New York Times reported on Sunday, citing a senior Venezuelan official.