Supporters of Venezuela's President Nicolas Maduro gather around Supreme Court during his swearing-in ceremony, in Caracas, Venezuela.
On Tuesday, the United States imposed its latest sanctions as it targeted seven Venezuelans allegedly involved in black-market currency exchanges that generated billions of dollars in illicit profits.
"The US will not recognize the Maduro dictatorship's illegitimate inauguration", national security advisor John Bolton tweeted Thursday.
"While the frozen assets stolen from a country's treasury would under normal circumstances be returned to that country, the kleptocratic nature of the Venezuelan regime makes it impossible to ensure that the funds would go to the benefit of the Venezuelan public", the report says.
Maduro used his speech to call for a summit of Latin American leaders to discuss "with an open agenda all the issues that need to be discussed, face to face!"
"Venezuela is at the center of a world war led by the United States imperialism and its satellite countries", Maduro declared.
The EU deeply regrets that its call for "fresh presidential elections in accordance with internationally recognised democratic standards and the Venezuelan constitutional order" was ignored and that President Maduro is today starting a new mandate on the basis of non-democratic elections.
"Sometimes it's hard to find food because businesses hide it and then say it's the president's fault, even though we all know that's a lie", said Graciela Laya, 43, a homemaker, at a rally near the Supreme Court.
Leftist presidents Miguel Diaz-Canel of Cuba, Evo Morales of Bolivia, El Salvador's Salvador Sanchez Ceren and Nicaragua's Daniel Ortega were present for the inauguration, as were representatives of Russia, China and Turkey.
Oil-rich Venezuela was once among Latin America's wealthiest nations. Canada has provided $2.2-million in humanitarian assistance to Venezuela and is a member of the Lima Group of countries that is trying to bring global pressure to bear on the South American country.
The ceremony contrasted with the harsh realities that face the former bus driver turned socialist leader, including hyperinflation, severe food and medicine shortages and an exodus of millions of citizens seeking to escape the hardship.
Many prominent opposition figures are either in jail or exile.
Freeland and U.S. Secretary of State Mike Pompeo gave their full-throated support to Juan Guaido, who assumed the presidency of the country's only democratically elected institution, the National Assembly. Bermudez lives with his wife and two children but said many parents have bid farewell to their children rather than endure the crisis.
"No authoritarian and repressive government falls just because its opponents - weak and disorganized - demand it".