Venezuela’s Oil Revenues Flow to US-Controlled Accounts as Interim Government Takes Charge
Bogdan Hofbauer
The United States has completed its first sale of Venezuelan oil under the Donald Trump administration, with the transaction valued at USD 500 million (around BGN 1.1 billion / €460 million), according to a report by Semafor. The sale comes shortly after the capture of former Venezuelan leader Nicolas Maduro on January 3. Following Maduro’s arrest, Trump declared that the US would take control of Venezuela ’s oil reserves and mobilize American companies to invest billions in rebuilding the
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