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Maduro, who succeeded Chavez upon his death in 2013, has faced protests for several months, centring on the collapse of Venezuela's economy and his perceived authoritarian policies. You said people woke up in shock.

Venezuela's benchmark sovereign bond maturing 2038 fell nearly one cent, though it stayed off 13-month lows hit on Friday, while dollar bonds issued by state oil firm PDVSA fell across the curve, Thomson Reuters data showed. But many countries said they would not recognize that vote. The United States, Spain, Mexico, Argentina, Brazil, Peru, Colombia, Canada, Costa Rica and Panama condemned it. Nicaragua and Bolivia praised the vote.

Venezuelans have been protesting across the country since late March when the Maduro-controlled supreme court issued a ruling removing legislative powers from the opposition-majority National Assembly and transferring them to Maduro's discretion. On Sunday, police motorcycle brigades fired tear gas, and video surfaced showing law enforcement beating up an unarmed man. "As President Trump said earlier this month, the strong and courageous actions by the Venezuelan people to stand for democracy, freedom, and the rule of law have been continually ignored by Nicolás Maduro, who dreams of becoming a dictator". About 95% of Venezuela's export revenue comes from the oil sector, according to S&P Global Ratings.

The most severe measures would bar USA imports of Venezuelan crude or prevent state oil giant Petróleos de Venezuela, S.A., or PDVSA, from transacting in US dollars.

The leader of Britain's Communist Party has played down the chaos in Venezuela on talkRADIO, suggesting the abduction of political leaders happens in lots of other countries and claiming Nicolas Maduro still enjoys huge support.

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The measures were unusual in that they targeted a sitting head of state, but their reach was mostly symbolic, freezing any USA assets Maduro might have and banning people under U.S. jurisdiction from dealing with him. "But I want it because I know it can create enough pressure on the government".

An exit poll based on surveys from 110 voting centers by NY investment bank Torino Capital and a Venezuela public opinion company estimated 3.6 million people voted, or about 18.5 percent of registered voters. At the time, he called Maduro and his supporters a "very clear threat", saying their goal is to undermine democracy and achieve the "absolute submission of the Venezuelan people". The opposition immediately disputed that number.

Venezuela is in turmoil after a vote on Sunday - decreed by Maduro to elect deputies to a Constituent Assembly to rewrite the constitution - in which the authorities said 10 and the opposition said 16 people died in election-related violence. "It's a downward spiral", says Eric Farnsworth, vice president at the Council of the Americas, a business association.

Venezuela has been engulfed in an economic crisis, featuring skyrocketing inflation and food shortages.

Cases of malaria, maternal deaths and infant deaths also significantly increased previous year, according to government health data released in May.

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