U.S. received $12 billion in Venezuelan oil revenues since Maduro's ouster, a report shows

Summary

The United States received $12 billion in Venezuelan oil revenues, a secret report shows, The NY Times and The Philadelphia Inquirer reported on Tuesday 10 November, The NY Times writing that the workings of a U.S.-controlled bank account shed light on how Washington manages Venezuelan revenue after capturing the country's president. The report provides the most detailed portrait so far of the financial control exerted by the U.S. government on Venezuela since U.S. forces toppled Nicolas Maduro in January, according to the Inquirer. On Thursday 12 November Bloomberg reported that Venezuela's US-controlled custody account disbursed $12.1 billion between January and September, with the funds made up almost entirely of proceeds from crude oil, according to a US State Department report, and the Inquirer that the Trump administration says it has returned more than $12 billion, or almost 99%, of the revenue obtained from the sales of Venezuelan oil since it ousted then-President Nicolás Maduro in January.

Latest: Venezuela's US-controlled custody account disbursed $12.1 billion between January and September, with the funds made up almost entirely of proceeds from crude oil, according to a US State Department report, Bloomberg reported, The Philadelphia Inquirer writing that the Trump administration says it has returned more than $12 billion, or almost 99%, of the revenue obtained from the sales of Venezuelan oil since it ousted then-President Nicolás Maduro in January.

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