President Trump is keeping proceeds from the first sale of Venezuelan oil in an offshore bank account based in Qatar, according to reporting from Semafor. The sale was worth $500 million.
This unprecedented move is yet another middle finger to Venezuelan sovereignty and once again raises questions about the president’s cozy relationship with the Qatari government.
“There is no basis in law for a president to set up an offshore account that he controls so that he can sell assets seized by the American military,” Democratic Senator Elizabeth Warren told Semafor. “That is precisely a move that a corrupt politician would be attracted to.”
That seems to be exactly what Trump is doing. Trump has vowed to “indefinitely” control Venezuela’s oil, claiming the proceeds will be given back to the U.S. and Venezuela.
Still, it remains unclear just how that money held in Qatar will benefit the Venezuelan people the administration claims to care about.
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