"Part of that stabilization and the reason why we understand and believe that we have the strongest leverage possible is our quarantine."
"We are going to take between 30 and 50 million barrels of oil,"
"We're going to sell it in the marketplace, at market rates, not at the discounts Venezuela was getting. That money will then be handled in such a way that we will control how it is dispersed in a way that benefits the Venezuelan people, not corruption, not the regime."
"at the same time, begin to create the process of reconciliation nationally within Venezuela, so that the opposition forces can be amnestied and released and from prisons or brought back to the country, and begin to rebuild civil society."
Three phases are defined: quarantine, recovery, and transition. Quarantine will involve seizing and selling sanctioned Venezuelan oil, including taking between 30 and 50 million barrels, and selling at market rates rather than discounts. Proceeds from oil sales will be controlled and dispersed to benefit the Venezuelan people and to prevent corruption or regime capture. Recovery will restore fair access to the Venezuelan market while initiating national reconciliation measures such as amnesty, release or return of opposition figures, and rebuilding civil society. Transition is identified as a subsequent phase, with overlapping timelines, but specific transition mechanisms remain unspecified.
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