US EditionRubio Details How the Trump Administration Will Control Venezuela's Oil Money
Marco Rubio said the U.S. will oversee Venezuela's oil revenue to fund policing and healthcare, with $3 billion anticipated under Treasury-controlled audits to stabilize the country.
- Secretary of State Marco Rubio told senators Wednesday the administration soon will allow Venezuela to sell oil under U.S. sanctions, dedicating revenue to basic services with Washington's oversight.
- Public signs of escalation began last summer when the FBI doubled a reward leading to Maduro's capture, followed by U.S. strikes beginning in September framed as a war with drug cartels.
- Rubio explained the mechanics, saying the funds will flow into an offshore account in Qatar under U.S. Treasury control, with hundreds of millions set aside and $3 billion more anticipated for Venezuelan hospitals and policing.
- Lawmakers responded by pressing Rubio as a Senate effort to bar further military action failed, Sen. Chris Murphy warned the sale must be fair for Venezuela's 30 million people, while strikes caused a reported death toll of 126.
- Rubio defended the actions, saying `It was an untenable situation and it had to be addressed,` adding Venezuela's interim leaders assist U.S. efforts and aim for a friendly, stable, prosperous Venezuela.
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58 Articles
The Siasat Daily
The WeekRubio details how Trump administration will control Venezuela's oil money
Washington: The Trump administration soon will allow Venezuela to sell oil now subject to US sanctions, with the revenue initially dedicated to basic government services such as policing and health care and subject to Washington’s oversight, Secretary of State Marco Rubio said Wednesday. The United States will retain control in the short term to ensure the oil revenue is used to stabilise Venezuela, Rubio said at a Senate Foreign Relations Commi…
How the Trump administration plans to control Venezuela's oil money
Until this week, the Trump administration had provided few details about how involved it planned to be in the governance of Venezuela. But new information suggests it will look to hold the country's purse strings for some time.
Washington Examiner
Conservative AngleRubio explains US oversight of Venezuelan oil sales
The Trump administration will begin allowing Venezuela to sell oil subject to U.S. sanctions in the near future with the revenue initially going to specific government services subject to Washington’s oversight. Secretary of State Marco Rubio offered insight into the administration’s strategy for handling the sale of Venezuelan oil and what will happen with the money from sales during Wednesday’s Senate Foreign Relations Committee hearing. “The …
Rubio details Trump administration's plan to control sale of Venezuelan oil
The Trump administration plans to handle the sale of tens of millions of barrels of oil from Venezuela and oversee where the money flows, Secretary of State Marco Rubio told a Senate hearing on Wednesday, adding that the revenue would initially be dedicated to basic government services such as policing and health care, subject to Washington's oversight.
Secretary of State Marco Rubio details how the Trump administration will control Venezuela’s oil money
WASHINGTON — The Trump administration soon will allow Venezuela to sell oil now subject to U.S. sanctions, with the revenue initially dedicated to basic government services such as policing and health care and subject to Washington’s oversight, Secretary of State Marco Rubio said Wednesday. The United States will retain control in the short term to ensure the oil revenue is used to stabilize Venezuela, Rubio said at a Senate Foreign Relations Co…
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