U.S. Supervises $13 Billion in Venezuelan Oil Revenue, with $300 Million Traced: Financial Times
Congress is pressing for an audit as only $300 million has been publicly traced from the $13 billion in oil revenue, lawmakers said.
- The Financial Times exclusively reported this week that roughly $13 billion in Venezuelan oil revenue has flowed through arrangements supervised by the Trump administration, while only about $300 million has been publicly traced arriving in Caracas six months after American special forces removed President Nicolás Maduro.
- President Donald Trump signed Executive Order 14373 on January 9, declaring a national emergency and creating a protected regime for Venezuelan oil revenue held in Treasury accounts, centralizing control within the executive branch while insulating funds from creditors owed roughly $170 billion.
- A State Department witness told Congress in April that the department authorized disbursement of about $3 billion to Venezuela but could not say how much remained in Treasury accounts; former sanctions adviser Roxanna Vigil documented almost 100 million barrels worth $8 billion moved through arrangements with no transparency.
- Chuck Schumer and Adam Schiff introduced the Venezuela Oil Proceeds Transparency Act directing an independent audit within 90 days, as Democratic Representative Joaquin Castro told the Financial Times that Congress had been kept in the dark by the Trump administration.
- The Financial Times reported no evidence of oil money reaching Venezuelans despite Trump's pledges, with Venezuela's first-quarter gross domestic product at a five-year low, even as the State Department claimed billions have been disbursed with monitoring in place.
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14 Articles
The Donald Trump government raised more than $13 billion in revenue with the sale of Venezuelan oil in 2026, according to Financial Times calculations, but it revealed almost nothing about what happened with the money. Exclusive material for subscribers. To have full access, access the link of the subject and register.
It is said that the United States raised 13 billion dollars for Venezuelan oil, but only reported in January and February the delivery of 500 million dollars to Venezuela. Doubts about the money collected by the United States with Venezuelan oil persist, as Democratic Congressmen have accused that this should be delivered to help Venezuela in the face of the June earthquakes. The United States would have collected 13 thousand million dollars wit…
Washington promised to revive Venezuela's economy, but its oil revenues mostly benefit the United States. ...
$13 Billion In Venezuelan Oil Sales Is Unaccounted For
The Daily Beast reports: Donald Trump is facing intense scrutiny over the billions his administration has raked in from Venezuela that now appear to have vanished into thin air. Analysis by the Financial Times suggests the White House has brought in $13 billion from Venezuelan oil sales so far after capturing despot Nicolas Maduro in January and installing vice president Delcy Rodriguez in his place. “Trump’s invasion of Venezuela has been about…
Trump Faces Scrutiny Over $13B in Venezuelan Oil Cash as Only $300M Is Publicly Traced to Caracas
Six months after American special forces carried Nicolás Maduro out of Caracas, Washington controls the proceeds of Venezuela's oil industry, and almost nobody outside the administration can say where the money has gone. The Financial Times exclusively reported this week that roughly £9.7 billion ($13 billion) in Venezuelan oil revenue has flowed through arrangements supervised by the Trump administration, while only about £224 million ($300 mil…
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