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.
32 Articles
32 Articles
Trump Admin Has Taken $13 Billion in Oil Wealth From Venezuela, But Congress Is 'In the Dark' About Where It Went
Since President Donald Trump's operation in January to overthrow Venezuelan President Nicolás Maduro, the US has taken more than $13 billion in revenue from Venezuelan oil sales. But nobody, including Congress, is entirely sure where the money has gone.
Billions in Venezuelan revenues vanish under Washington control
Flames rise from flare stacks at the Amuay refinery in Los Taques, Venezuela, January 14, 2026. (Photo by AP) Press TV UK July 24, 2026 The administration of US President Donald Trump has collected billions of dollars in Venezuelan oil revenues while withholding control of the funds from the crisis-hit country, according to a report....
The U.S. President Donald Trump's government has raised more than $13 billion for the sale of Venezuelan oil since President Nicolás Maduro was kidnapped and taken to prison in New York in January of this year, but the White House has not explained the fate of that money, according to a report by the Financial Times.
18 trillion won in proceeds from Venezuelan oil sold by the U.S. over the past six months. Its whereabouts remain a mystery. The Financial Times estimates sales exceeded $13 billion, with the publicly disclosed amount remitted to Venezuela being only $300 million. Trump, who claimed in January that the U.S. was merely a fund manager, boasted in June that he made a 28-fold profit from a 48-minute operation. Venezuela's recovery costs alone for th…
According to the Financial Times, U.S. legislators from both parties are beginning to pressure the Trump administration to explain where the money has gone and what measures it is taking to prevent corruption around its distribution.
No one can find the $18T Trump claims he's given the US
President Donald Trump's administration is asking for additional money after billions of dollars in military spending in the Iran war, but it comes after the president has spent the past seven months bragging about making billions and trillions of dollars off of his policies for the U.S. A recent report by the Financial Times recalls Trump's January statement that the U.S. seized “millions of barrels” of oil from Venezuela in January. He claimed…
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