US EditionRubio Details How the Trump Administration Will Control Venezuela's Oil Money
Rubio outlined U.S. Treasury oversight of Venezuela's oil revenue deposited in a Qatar account, earmarked for public services amid ongoing political transition and sanctions enforcement.
- 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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Rubio Explains Trump Plan to Control Venezuelan Oil Trade.
PULSE POINTSWHAT HAPPENED: The Trump administration announced plans to allow Venezuela to sell oil currently under sanctions, with revenue to fund basic government services and under U.S. oversight.WHO WAS INVOLVED: U.S. Secretary of State Marco Rubio, Venezuelan interim leaders including acting Venezuelan President Delcy Rodríguez.WHEN & WHERE: Rubio’s remarks were made on Wednesday at a Senate Foreign Relations Committee hearing, with developm…
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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…
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