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in /politics 10 days ago

Trump is sending funds from Venezuela oil to a bank in Qatar

Trump is sending funds from Venezuela oil to a bank in Qatar: report | The Independent - Featured Image

Trump is sending funds from Venezuela oil to a bank in Qatar: report | The Independent

www.independent.co.uk - faviconindependent.co.uk
TLDR

This news article from The Independent reports that the Trump administration has completed its first sale of Venezuelan oil, worth $500 million, and will store the proceeds in a Qatari bank. Senior officials claim that Qatar provides a neutral location to safely move the funds without risk of seizure. Massachusetts Sen. Elizabeth Warren criticized the strategy, stating there is no legal basis for a president to set up an offshore account to sell seized assets. The U.S. took control of Venezuela's natural resources after capturing its president, Nicolas Maduro, and removing him to New York. The administration aims to distribute the proceeds back to Venezuela after stabilizing the country.

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