>> The US is targeting Venezuela's socialist government where it hurts the most. Trying to cut off the flow of money to increasingly isolated President Nicolas Maduro. And seeking to ensure that Venezuelan oil revenue instead goes to opposition leader Juan Guaido.>> We think consistent with our recognition of Juan Guaido as the constitutional interim president of Venezuela, that those revenues should go to the legitimate government.
It's very complicated.>> While the US has not revealed details, such a move would significantly strengthen the hand of Guado, who swore himself in as interim head of state on Wednesday with the support of Washington and nations around the region. Reuters' correspondent Brian Ellsworth is in the capital Caracas.
>> The environment on the street is of a lot excitement as the Venezuelans, for the first time, believing that the end of this situation could be soon. This country has been struggling with food shortages, medicine shortages, hyperinflation. The economic situation is really unsustainable. So anything that makes this country look like there might be a change is of great interest and is greatly appreciated by the overall population.
>> Britain and Germany, just the latest in a long list of countries coming out in support of 35 year old Guiado.>> It's still really hard to say where the situation is going to go. On the one hand, this is an absolutely unprecedented level of international support for the opposition.
At the same time, Guaido is in a very difficult situation. He could at any moment be arrested via the government for treason or for any number of charges. It's not even really evident where he is. He's not openly walking around on the street. So in the meantime, the government seems to be simply waiting for this parallel administration to collapse.
Or to spend enough time not being able to do anything that it will simply fall under its own weight.>> Another big disadvantage for Guiado, leftist Maduro has the country's powerful military in his corner.>> Maduro still has the backing of the armed forces and particularly the military high command.
Soldiers are really upset and unhappy, mostly cuz of their own living conditions, and a lot of them don't necessarily agree with the president. But ultimately, the military structure as a whole remains solidly behind Maduro.>> Meanwhile, the US is continuing to ramp up pressure on Maduro's government. Ignoring his announcement on Thursday that he will close the country's embassy and consulates in the US.
A day after severing diplomatic and political ties with Washington.