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.
TL;DR
- 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.