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Venezuela election: Nicolas Maduro wins but could face harsh oil sanctions

Main opposition boycotts poll; US, Latin American nations question vote

Venezuelan President Nicolas Maduro with supporters in Caracas after the results of the election were released	Photo: Reuters
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Venezuelan President Nicolas Maduro with supporters in Caracas after the results of the election were released Photo: Reuters

Bloomberg Caracas
President Nicolas Maduro won another six-year term as millions of Venezuelans boycotted the widely derided election, a victory that hands him sole ownership of the nation’s crushing economic crisis.

Ignoring calls from the US and regional leaders to suspend the polls, the socialist regime proceeded with the presidential contest despite the threat of further isolation and sanctions on the crisis-stricken nation’s all-important oil industry. 

“How many times have they underestimated me?” Maduro, 55, called out to crowd of supporters outside the Mir aflores presidential palace in Caracas. “You have believed in me, and I’m going to respond to this infinite