The United States has completed its first sale of $500 million worth of Venezuelan oil, several outlets reported Thursday citing unnamed government sources.
Semafor reports that the $500 million revenue from the sale is being held in bank accounts controlled by the U.S. government, with the main account located in Qatar according to an industry source familiar with the plan. The source further detailed that Qatar represented a “neutral venue” where funds can move with U.S. approval and without risk of seizure.
The decision, the source reportedly explained, is in line with an Executive Order signed by President Donald Trump last week that…
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