U.S. Took In $12 Billion From Venezuela Oil Exports, KPMG Report Shows
Updated
Updated · The New York Times · Nov 10
U.S. Took In $12 Billion From Venezuela Oil Exports, KPMG Report Shows
3 articles · Updated · The New York Times · Nov 10
Summary
$12 billion-plus in Venezuelan natural-resource revenue was received and disbursed by the U.S. government in the first nine months of the year, according to a confidential KPMG report reviewed by The New York Times.
The report offers the clearest account yet of Washington's financial control over Venezuela after U.S. forces toppled President Nicolás Maduro in January and installed an interim government tasked with opening the oil sector to American investment.
Treasury managed those export proceeds through a Venezuela Custody Account, first based in Qatar and moved to Citibank in New York in late January.
The findings surfaced days before the midterm elections, with Democrats set to take both chambers in January after pledging greater transparency and oversight of U.S. policy toward Venezuela.