US Returns $12 Billion Collected From Venezuela’s Oil Sales This Year
A State Department report provides a peek into how Venezuela has spent its funds following the removal of former leader Nicolás Maduro.
The United States has returned over $12 billion collected from Venezuela’s oil and natural resource sales since January. The U.S. Treasury has disbursed approximately 98.7 percent of these funds through authorized channels. This financial oversight program aims to ensure transparent and controlled use of these revenues for the benefit of the Venezuelan people.
- Over $12 billion collected from Venezuelan oil and natural resource sales has been returned by the U.S.
- The U.S. Treasury has disbursed $12.11 billion, about 98.7 percent of the collected revenue.
- Disbursements are made through approved payment mechanisms.
- The objective is to support transparent and controlled use of natural resource revenues for the benefit of the Venezuelan people.
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