US Custodial Control of $12B Venezuelan Oil Assets Transferred to Maduro Government

The Trump administration managed $12 billion in Venezuelan oil resources under a custodial arrangement tied to the interim government. The Central Bank of Venezuela must now justify the use of these funds, which have been redirected to benefit the people after years of alleged misappropriation. The transfer of control marks a shift in US-Venezuela financial relations, though the full scope of asset disposition remains unclear.

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