Confidential report shows: The United States has received $12 billion from Venezuelan oil
2026-11-10 22:04:01
According to CoinMeta, and as reported by The New York Times, a confidential report from the global financial services firm KPMG ( KPMG ) shows that the U.S. government has received and spent over $12 billion in revenue from Venezuela's natural resource exports in the first nine months of this year. The report was drafted a few days before the U.S. mid-term elections. It indicates that from January 3, the date of the U.S. military intervention, to the end of September, the "Venezuela Escrow Account" established by the U.S. Treasury Department received a total of $12.26 billion in deposits, and the vast majority of this funds were re-allocated to Venezuela shortly after they were credited to the account. As of September 30, the reporting deadline, the account balance was approximately $170 million. During the same period, the account also earned about $12 million in interest income. The report did not disclose the ultimate beneficiaries of the funds from Venezuela's foreign exchange auctions.
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Source:Jin10 Data
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