U.S. Returns $500 Million in Oil Sale Funds to Venezuela
The United States has returned $500 million to Venezuela from an initial oil sale, following a deal between Caracas and Washington. This move occurred after the capture of Venezuelan President Nicolas Maduro in a U.S. military operation, marking a significant diplomatic development between the two nations.
Devdiscourse News Desk | Washington DC | Updated: 04-02-2026 06:57 IST | Created: 04-02-2026 06:57 IST
- Country:
- United States
The United States recently transferred $500 million to the Venezuelan government, concluding the initial phase of an oil sale agreement reached last month between Caracas and Washington, according to a U.S. official.
The final installment of $200 million was delivered to Venezuela, signifying the completion of this initial transaction, the official informed Reuters.
This negotiation follows the January 3 capture of Venezuelan President Nicolas Maduro in a U.S. military operation, highlighting a major shift in U.S.-Venezuelan relations.
Advertisement
ALSO READ
-
Escalating Tensions: U.S. Warns Citizens in Cuba Amid Protests and Shortages
-
U.S. Returns $500 Million Venezualen Oil Deal Proceeds
-
Diplomatic Tensions: U.S. Criticizes South Africa's Expulsion of Israeli Diplomat
-
U.S. Extends African Trade Program Amid Strained Relations
-
U.S. Treasury Takes Key Step to Revitalize Venezuela's Oil Sector
Google News