... Obregón went on to acknowledge that Venezuelan export revenues are 
currently deposited in a US Treasury account before US officials decide on the 
disbursement amounts and timings back to Caracas.

“There is a state-to-state agreement to receive Venezuelan funds in Treasury 
accounts,” he disclosed, echoing Washington’s assertion that its seizure of 
Venezuelan export proceeds aims to protect them from potential creditor claims.

“The channeling of revenues through the US Treasury could be considered a 
protection measure, since there are debt claims against PDVSA and creditors 
could target our accounts,” he argued.

Neither US nor Venezuelan authorities have disclosed the amount of revenue 
collected and disbursed back to Caracas. Luigi Pisella, an advisor to Acting 
President Delcy Rodríguez, claimed that the Trump administration is deducting 
the costs of its January 3 military operation against Venezuela from the 
country’s funds.

The costs of goods and services supplied by US-based exporters to Venezuela are 
also being directly deducted from the funds held in the Treasury accounts...

https://venezuelanalysis.com/news/venezuelas-pdvsa-chief-defends-trump-deal-us-control-over-export-revenues/


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