Speaking in Panama City alongside fellow Venezuelan opposition figures, Machado said the opposition remained focused on securing free and fair elections in which Venezuelans both inside and outside the country could participate.

Her comments come more than four months after a major shift in United States policy toward Venezuela, when the administration of Donald Trump moved away from supporting Machado and instead engaged with figures linked to Venezuela’s ruling establishment following the capture of then-president Nicolás Maduro by U.S. forces, according to the source material.

Machado has lived in exile since December after emerging from nearly a year in hiding inside Venezuela and traveling to Norway, where she received the Nobel Peace Prize. She said she hopes to return to her country before the end of next year.

The opposition leader stressed that any credible presidential election would require significant institutional reforms, including the appointment of politically neutral electoral authorities, updated voter registration systems and guarantees allowing opposition candidates to compete without state interference.

According to Machado, organizing a democratic presidential election under such conditions would require between seven and nine months of preparation.

The political timetable remains unclear. Venezuela’s constitution requires a presidential election within 30 days if a president becomes permanently unable to serve, but U.S. officials have recently downplayed expectations for an imminent vote while expressing support for acting president Delcy Rodríguez, whose government has expanded access for American investment in Venezuela’s oil sector amid elevated global energy prices.

Machado emerged as Maduro’s most prominent challenger in recent years but was barred by authorities from contesting the 2024 presidential election. In response, she endorsed former diplomat Edmundo González Urrutia as the opposition’s candidate.

Following that election, authorities aligned with the ruling party declared Maduro the winner shortly after polls closed. However, Machado’s campaign maintained that collected voting records showed González had won by a margin exceeding two-to-one.

Asked about a future presidential contest, Machado said she welcomed competition within the opposition and would be prepared to face any rival in what she described as a transparent and legitimate election.

“I will be a candidate, but there may be others, of course,” Machado told reporters. “I would love to compete with everyone, with anyone who wants to be a candidate.”

Orban, in power for 16 years and widely seen as Moscow’s closest ally within the European Union, has framed Ukraine as a source of instability while positioning his government as a guarantor of peace and security.

Analysts say the approach seeks to shift focus away from domestic economic concerns that have boosted support for opposition leader Peter Magyar.“The campaign’s rhetoric is deliberately binary peace versus war portraying Ukraine as a risk and the incumbent Hungarian government as seeking stability,” Csilla Fedinec, a historian at ELTE University’s Center for Social Sciences, said.

Tensions between Hungary and Ukraine have escalated in recent months, including disputes over a Russian oil pipeline supplying landlocked Hungary. Budapest has accused Kyiv of delaying its reopening, while Ukraine says the infrastructure was damaged by Russian air strikes in January.

Hungary has also delayed approval of a 90-billion-euro European Union loan package for Ukraine and opposed additional sanctions on Russia, underscoring divisions within the bloc over support for Kyiv.Analysts and cybersecurity experts say disinformation has featured prominently in the campaign.

Pro-government media outlets circulated AI-generated images exaggerating the scale of valuables seized from Ukrainian bank employees detained briefly by Hungarian authorities.

Social media posts featuring such content recorded high engagement, with signs of coordinated activity including accounts lacking identifiable information.Separately, fabricated images depicting vandalism of a Hungarian memorial in Ukraine’s Transcarpathia region circulated online, prompting hostile reactions despite later being identified as artificial.

Experts say such incidents reflect broader patterns of election-related disinformation.Ferenc Fresz, former head of Hungary’s Cyber Defense Service, said there is ongoing evidence of attempts to influence voters through coordinated messaging, including deepfakes presented as news content.

He said narratives attributed to Russian-linked actors often align with pro-government messaging, reinforcing their impact.Hungarian officials, including Foreign Minister Peter Szijjarto, have rejected claims of Russian interference as unfounded.Orban has also sought to portray his main rival as aligned with foreign interests, including Ukraine and the European Union.

At a rally in Budapest, he framed the election as a choice between his leadership and that of Ukrainian President Volodymyr Zelensky.Shortly after, images circulated of individuals displaying a Ukrainian flag at an opposition event, which were later linked to affiliates of Orban’s own party, prompting accusations of staged political tactics.

Opposition leader Magyar dismissed the incident as a “false flag operation.”AI-manipulated imagery has also been used to target Magyar directly, including altered visuals suggesting his support for Ukraine.

Billboards critical of Zelensky have appeared across Hungary over the past year, sometimes alongside depictions of opposition figures.Despite contested claims and fabricated content, analysts say the campaign resonates with segments of the electorate concerned about being drawn into the Ukraine war.

Political scientist Eszter Kovats of the University of Vienna said such messaging taps into broader anxieties amplified by discussions across Europe on rearmament and conscription.

She said the ruling party’s strategy appeals to voters’ desire for stability, presenting continuity as a safer option in an increasingly uncertain geopolitical environment.