Trump administration announcement comes as UN experts warn Venezuela’s oil reserves ‘must not be cynically exploited’.
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The United States says it will control sales of Venezuelan oil “indefinitely” and decide how the proceeds of those sales are used, as President Donald Trump’s administration consolidates control over the South American country after abducting its president.
The US Department of Energy said on Wednesday that it had “begun marketing” Venezuelan oil on global markets and all proceeds from the sales “will first settle in US-controlled accounts at globally recognized banks”.
