Geoff Dyer, Chris Cook and Ana Rodríguez BrazónJul 22, 2026 – 4.00pmLondon/Caracas | The Trump administration has collected more than $US13 billion ($18.6 billion) in revenues from Venezuelan oil sales this year, according to FT calculations, but has said almost nothing about what has happened to the money.The US took control of Venezuela’s oil exports and suspended some sanctions after capturing President Nicolás Maduro in January and installing vice-president Delcy Rodríguez as leader.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The US has collected about $19b of Venezuela’s oil money. Where is it?
US lawmakers are starting to pressure the Trump administration to explain where it has gone and what is being done to prevent corruption around its allocation.
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