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president Donald TrumpGovernment to keep funds generated from Venezuelan oil sales Oil Across multiple bank accounts, the largest of which is located in QatarAccording to reports.
senior official Tell traffic light The United States has now completed its first oil sale to the South American country, in a deal worth $500 million.
They justified the decision to park some of their proceeds in Gulf countries rather than U.S. banks, noting that it was a neutral place from which funds could be moved freely and securely without the risk of seizure.
Massachusetts Senator. Elizabeth WarrenThe senior Democrat on the Senate Finance Committee blasted the tactic, saying: “There is no legal basis for a president to set up offshore accounts he controls to sell assets seized by the U.S. military.”
“That’s exactly the kind of behavior corrupt politicians will be attracted to.”
Trump’s friendly relations with Qatar were in the spotlight last May when he Accepts $400 million worth of Boeing planes as gift from country.
independent The White House and Treasury Department have been contacted for comment.
America finds itself in control Venezuelanatural resources following its power Taking Caracas by storm In the early hours of Saturday, January 3, the kidnapping of then-President Nicolás Maduro and his wife, Cilia Flores, who later brought them to New York to face federal drug trafficking charges.
Maduro Not guilty In a Manhattan courtroom, he insisted he was still Venezuela’s legitimate leader.
After the operation, Trump, accompanied by senior members of the Cabinet, announced that Washington would “Run” Venezuela Until the country is stable enough to hold free and fair presidential elections.
It would also mean taking control of up to 50 million barrels of the country’s oil – selling it and distributing the proceeds back to Caracas.
The president signed an executive order last Friday Set conditions for these transactions and prevent courts or creditors from seizing any revenue, a step he said was necessary given that the oil nation owes an estimated $170 billion to international bondholders, oil companies and other stakeholders.
when trump Meet oil executives at the White House Last week he made it clear ConocoPhillips CEO Ryan Lance said the U.S. “isn’t going to think about what people lost in the past because it was their fault.”
finance minister Scott Bessant provided more details in discussions with the Economic Club of Minnesota and said his department “will oversee the accounts” before taking direction from Trump and the secretary of state Marco Rubio, “Responsible for payment back to Venezuela.”
“The role of the Treasury will be to ensure that the money gets to the right place,” he added. “We are bankers here; we don’t direct money.”
A spokesman for the Ministry of Finance told traffic light: “The U.S. Treasury Department is fully committed to supporting President Trump’s efforts on behalf of the Venezuelan people.”
“Immediately following the arrest of narco-terrorist Nicolás Maduro, President Trump struck a historic energy deal with Venezuela that will benefit the American and Venezuelan people,” White House spokesman Tyler Rogers said.
Rogers added that the administration was continuing “active, ongoing discussions” with U.S. oil companies about Venezuela.
There is still a lot of work to be done on this front, as Trump has faced a strong rejection from the United States. Exxon Mobil CEO Darren Woods during a meeting with energy industry executives.
“Our assets have been confiscated there twice, so you can imagine that re-entry a third time would require some pretty significant changes to what we’ve seen here historically,” Woods told the president, referring to the fallout from Hugo Chavez’s move to nationalize Venezuela’s hydrocarbons industry between 2004 and 2007.
“If we look at Venezuela’s current legal and business structure and framework, it is not investable.”
Trump later tell reporters “I would probably be inclined to leave Exxon out. I didn’t like their reaction. They were being too cute,” he said Sunday as he returned to Washington from Mar-a-Lago aboard Air Force One.
