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U.S. handled $12 billion in Venezuelan oil revenues

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U.S. handled $12 billion in Venezuelan oil revenues

The U.S. government received more than $12 billion in revenue from Venezuela’s natural resource exports in the first nine months of this year, The New York Times reported, citing a confidential report by the global financial services firm KPMG.

Axar.az reports, citin The NYT, the account received $12.26 billion in deposits between Jan. 3, the date of the U.S. military intervention, and the end of September, according to the report. The vast majority of the funds were distributed back to Venezuela soon after they were received, the report shows.

The majority of the money that was sent back to Venezuela from the custody account, $11.7 billion, was used to prop up the country’s national currency, the bolívar, through foreign currency auctions held by Venezuela’s commercial banks.

U.S. officials also sent about $130 million from the account to pay the Venezuelan government’s foreign bills, mostly debts to other governments and internationals organizations, the report shows.

Date
2026.11.11 / 11:37
Author
Axar.az
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