The United States has returned the full $500 million from the initial Venezuelan oil sale conducted under a recent deal between Washington and Caracas, according to a U.S. official. The final $200 million was transferred this week, completing the payout.

Axar.az reports, citing Reuters, that the funds, which had been temporarily held in Qatar, are intended to be used for the benefit of the Venezuelan people, with spending overseen by the U.S. government.

U.S. officials say the arrangement is a short-term measure aimed at stabilizing Venezuela, allowing the government to pay essential workers such as teachers, police, and firefighters, and preventing institutional collapse.

Longer-term plans envision future oil proceeds being managed through a U.S.-based fund under agreed procedures.