The media reported on the storage location of the bulk of the money from the sale of Venezuelan oil
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- The media reported on the storage location of the bulk of the money from the sale of Venezuelan oil
The administration of US President Donald Trump has placed the bulk of the $500 million received from Venezuela's first oil sale in an account in Qatar. This was reported on January 14 by Semafor, citing sources from the US government.
"The Trump administration's first sale of Venezuelan oil is estimated at $500 million. <...> The main account < ...> is located in Qatar," the publication says.
According to the sources of the publication, the accounts are controlled by the US government and comply with Trump's decree issued on Friday. According to one of the media sources, Qatar was chosen because of its neutral position, which allows it to avoid risks.
Bloomberg reported on January 8 that Trump views Venezuela as a long-term oil asset. According to analysts, shale production in the United States, which has given the country the status of the largest producer in the world, is approaching the limit of growth, while global oil demand continues to update records.
On January 10, Trump signed a decree declaring a national state of emergency to protect Venezuela's oil revenues, which are held in the accounts of the US Treasury. The head of the White House stressed that such actions would undermine Washington's efforts to ensure economic and political stability in Venezuela, which, in turn, would jeopardize key foreign policy goals.
The Reuters news agency reported on January 13 that Venezuela began to increase oil production after the United States eased a strict embargo on the supply of raw materials. According to the publication, Venezuelan oil exports, which fell to almost zero in the first weeks after the sanctions were imposed in December, have resumed.
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