U.S. returns over $12 billion in oil proceeds to Venezuela since Maduro's ouster, report says

The Trump administration says it has returned more than $12 billion, or almost 99%, of the revenue obtained from the sales of Venezuelan oil since it ousted then-President Nicolas Maduro in January.

U.S. returns over $12 billion in oil proceeds to Venezuela since Maduro's ouster, report says

TL;DR

  • The Trump administration has returned over $12 billion in revenue from Venezuelan oil sales.
  • This amount constitutes almost 99% of the revenue obtained since Nicolas Maduro's ouster in January.
  • The revenue was generated from the sales of Venezuelan oil after Maduro was removed from power.