"Next Monday, the ambassador of Brazil will return to his place in Venezuela as a gesture of goodwill," Jungmann told journalists in Brasilia.

Referring to the economic collapse and violent political standoff in Venezuela, Jungmann said: "We cannot lose any opportunity to help mediate."

Both countries recalled their ambassadors in August 2016 during a row over the Brazilian Congress's impeachment of leftist president Dilma Rousseff and her replacement by center-right President Michel Temer.

Venezuela's leftist PresidentNicolas Maduro has been criticized by Brazil and numerous other countries for violent clashes between riot police and anti-government protesters. Since the start of April, 42 people have died.

The oil-rich country has been suspended from the regional economic trade group Mercosur.