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US controls Venezuela's oil revenues

The White House confirmed the transfer of income to U.S. accounts

The White House stated that the United States is in close contact with Venezuelan authorities regarding further actions toward the country. According to White House representatives, revenues from Venezuela's oil sales will be directed to American bank accounts. Future steps by the United States regarding Venezuela, in the view of administration officials, will depend on decisions made in Caracas.

Context

The United States imposed sanctions on Venezuela in 2017 and has for many years controlled financial flows related to the country's oil industry.

Summary:

The White House confirmed that the U.S. earns revenue from sales of Venezuela's oil resources, and future U.S. actions will depend on the country's government decisions.