Drones armed with explosives detonated during Venezuelan President Nicolas Maduro's speech

US National Security Advisor John Bolton

"This is an attack against President Nicolas Maduro", Communication Minister Jorge Rodriguez said following the incident that was caught during a live broadcast.

Venezuelan officials say that President Nicolás Maduro has escaped an "attack" unharmed.

A Colombian government source said Maduro's allegation was "absurd" and that Santos was celebrating his granddaughter's baptism on Saturday.

Maduro wore a presidential banner and was in the capital of Caracas during a celebration of the National Guard's 81st anniversary.

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The self-described "son" of Chavez, Maduro says he is battling an "imperialist" plot to destroy socialism and take over Venezuela's oil.

It is understood the president was rushed from the scene following the apparent attack but reappeared for a state broadcast, in which he blamed Colombia's President Juan Manuel Santos for the attack. "I hope that President Donald Trump is ready to fight these terrorist groups".

"The right insists on violence to take areas it can't through votes", he wrote. Maduro has steadily moved to concentrate power as the nation reels from a crippling economic crisis.

Venezuela's soaring inflation is predicted to top 1 million percent by the end of the year, economists at the International Monetary Fund recently predicted.

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Maduro was reported safe by government officials.

Rodriguez accused the country's right-wing opposition of carrying out the attack.

However the blasts caused "some wounds for seven service personnel" in the National Guard.

The Supreme Court declared the National Assembly dissolved.

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"The event is evidence of desperation of ultraright leaders who, being defeated politically, continue to resort to criminal practices, and they have failed once again", Rodriguez said.

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