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.

US Returns $12 Billion Collected From Venezuela’s Oil Sales This Year

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.

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