President Trump he said On Truth Social Wednesday that Venezuela will use the money it gets from the latest oil sales deal with the US on “American Made Products ONLY”.
Those purchases could include agricultural products, medicine, medical devices and equipment needed to repair the country’s power grid, Mr. Trump wrote.
“In other words, Venezuela is committed to doing business with the United States of America as its main partner – a wise and very good choice for the people of Venezuela and the United States,” the president continued.
Since Maduro’s capture, Mr. Trump has done just that He focused on the Venezuelan oil industryA move he suggested could help rebuild the oil-rich nation’s crumbling infrastructure by pushing US companies to enter the country.
On the other hand, the Secretary of State Marco Rubio has argued that oil can serve as a leverage point Over the remnants of the Maduro regime that continues to rule Venezuela.
Last Wednesday, Rubio announced The US will export between 30 million and 50 million barrels of oil from Venezuela, which will be sold at “market prices”, with the proceeds used “to benefit the Venezuelan people”.
White House press secretary Karoline Leavitt told reporters that Venezuela’s interim government had agreed to release the oil. He added that the profits will be placed in bank accounts controlled by the United States and will be “distributed for the benefit of the American people and the Venezuelan people” at the discretion of the United States government.
It is not clear how much money will come from the sale of oil. Venezuelan crude oil, which is difficult to refine and has historically faced tough US sanctions sold at a discount in the past, however some refineries They have been created to process the type of crude oil that flows from Venezuela off the US Gulf Coast, according to Reuters.