UNITED STATES – In a report released by the state department, the accounting firm KPMG said the sales of Venezuelan crude, along with minor amounts of gold, minerals and fertilizer, produced 12.26 billion dollars since the Trump Administration ousted then-President Nicolás Maduro in January.
Almost all of the money has been returned under the terms of a broad energy deal reached with the country’s interim authorities.
Under the terms of the deal, Venezuelan crude is sold on the open market, with proceeds going into the U.S.-managed account.
Venezuelan officials then seek approval for those funds to be returned to the country to pay for infrastructure and humanitarian needs.
