Russia

US does not intend to control Venezuelan oil revenues indefinitely — Rubio

TASS English · 2026-09-23

AI SUMMARY

• What happened: US Secretary of State Marco Rubio stated that the United States does not plan to control Venezuelan oil revenues indefinitely, emphasizing that the current mechanism is intended to ensure the funds benefit the Venezuelan people. • Why it matters: This statement reflects the US's approach to managing Venezuelan oil revenues amidst ongoing sanctions, aiming to prevent corruption and ensure that the money is used for essential government expenditures. • What to watch next: Monitor developments regarding the auditing of Venezuelan oil revenue transactions by KPMG and any potential changes in US sanctions policy related to Venezuela.

US does not intend to control Venezuelan oil revenues indefinitely — Rubio According to the US State Secretary, the current mechanism is designed to ensure the money went to benefit the Venezuelan peopleNEW YORK, September 23. /TASS/. The United States does not intend to control funds generated by Venezuelan oil sales indefinitely, and the current mechanism is designed to ensure the money is used for the benefit of the country's people, US Secretary of State Marco Rubio said following a meeting with Russian Foreign Minister Sergey Lavrov. "And this is not forever, right? Eventually, you know, this is not the case. But what we wanted to make sure was that if we were going to release the sanctions on the sale of Venezuelan oil, the money went to benefit the Venezuelan people," Rubio said. According to him, the funds are held separately, and requests for their use primarily relate to government expenditures, including salaries and other needs. 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Source: TASS English
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