President Donald Trump has made a decisive move to shield Venezuelan oil revenues from legal grabs in the United States.
On Friday, Trump signed an executive order titled “Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People,” blocking U.S. courts from seizing funds held in American Treasury accounts for Venezuela’s government and its state oil company, Petróleos de Venezuela, S.A. These funds, tied to oil sales and transactions, are now safeguarded as the administration plans their future.
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