"He noted that the interim leaders of the South American country will submit "a budget" every month of what they need funded. "The funds from that (oil sales) will be deposited into an account that we will have oversight over," Rubio said, adding that the U.S. Treasury would control the process. Venezuela, he said, "will spend that money for the benefit of the Venezuelan people.""
"After the U.S. raid that captured then-President Nicolás Maduro this month, the U.S. is working to influence the next steps in the South American country through its vast oil resources. The U.S. will not subsidize oil industry investments in Venezuela, Rubio said, and is only overseeing the sale of sanctioned petroleum as an "interim step." "This is simply a way to divide revenue so that there isn't systemic collapse while we work through this recovery and transition," Rubio said."
The United States will permit Venezuela to sell oil currently subject to U.S. sanctions, with revenue initially earmarked for basic government services like policing and health care and placed under U.S. oversight. Funds will be deposited into a Treasury-controlled account while interim Venezuelan leaders must submit monthly budgets detailing needed expenditures. Short-term U.S. control aims to stabilize Venezuela without subsidizing oil industry investments. The arrangement is described as an interim step to prevent systemic collapse during recovery and transition. U.S. lawmakers sought assurances that sales will be fair and transparent.
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