Washington controls distribution of $12.26 billion from Venezuelan resources

Washington controls distribution of $12.26 billion from Venezuelan resources
Washington controls distribution of $12.26 billion from Venezuelan resources

Financial flows from Venezuelan resources

According to a confidential report by auditing firm KPMG, published by The New York Times, $12.26 billion was received in bank accounts under the jurisdiction of the US government between January and September 2026. These funds came from the sale of Venezuelan oil and other types of natural resources.

Allocation of funds to currency support

The publication notes that the vast majority of the funds received was returned to Venezuela. Specifically, a sum of $11.7 billion was used to stabilise and support the country's national currency.

Washington's role in financial decisions

Despite the return of a significant portion of the revenues to Venezuela, final decisions regarding the mechanics of the transfers remain with the US authorities. As The New York Times emphasises, it is Washington that determines the timing of operations and identifies the recipients of the financial funds. Thus, control over the distribution of these resources is effectively retained by the US.

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