Venezuela's oil money remains a mystery after Maduro's ouster
After the capture of Venezuela's president by the US, the new government received praise from Trump, but it remains unclear where the country's oil revenues go, now under US Treasury control.
Shortly after the capture of Venezuelan President Nicolás Maduro by the United States, US President Donald Trump commended the country's new leaders. Trump specifically praised Vice President Delcy Rodríguez, who took power after Maduro's arrest, stating that she is "doing a great job." He added that oil flow is resuming and that Venezuelans will soon have access to vast financial resources that have been denied for years.
However, the question of where Venezuela's oil dollars actually end up remains unanswered. Outside the inner circle of Trump and Rodríguez, no one knows. Neither side has deemed it necessary to provide the public with this crucial information.
This uncertainty has become a central feature of Venezuela's new political economy. The country's oil revenues now flow into accounts managed by the US Department of the Treasury under the direction of Secretary of State Marco Rubio. Moreover, no information is provided to the public about the amount of funds managed or how they are spent.
