The Foreign Affairs Ministry said that it is now negotiating the establishment of a US Interests Office in Venezuela and will allow US Embassy personnel to remain in the country while talks take place.
The statement said that talks about an interest section will have a 30-day limit and if no agreement is reached embassy personnel will then have to leave the country, AP reported.
President Nicolas Maduro broke diplomatic relations with the United Sates on Wednesday and had given embassy personnel three days to leave the country. But the Trump administration had refused to obey his directive, arguing that Maduro is no longer Venezuelas legitimate president.
The new decision by Venezuelas government puts off a potential conflict between both countries.
Earlier Saturday, the United States urged all nations Saturday to end Venezuelas nightmare and support opposition leader Juan Guaido while Russia accused the Trump administration of attempting to engineer a coup detat against Maduro a reflection of the worlds deep divisions over the crisis in the South American country.
US Secretary of State Mike Pompeo told the UN Security Council at a meeting called by Washington that its beyond time to back the Venezuelan people as they try to free themselves from what he called Maduros illegitimate mafia state and support Guaido.
The young opposition leader has declared himself the countrys interim president, arguing that Maduros re-election was fraudulent.
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