Business StandardCenter·
US returns over $12 bn in oil proceeds to Venezuela since Maduro's ouster
The Trump administration says it has returned more than USD 12 billion, or almost 99 per cent, of the revenue obtained from the sales of Venezuelan oil since it ousted then-President Nicolas Maduro in January. In a report released Thursday by the State Department, the accounting firm KPMG said the sales of Venezuelan crude, along with minor amounts of gold, minerals and fertilizer, produced USD 12.26 billion. Almost all of the money has been returned to Venezuela under the terms of a broad ener…
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