The United States has returned all $500 million from the initial oil sale to the Venezuelan government, a U.S. official announced on Tuesday. The last $200 million from the sale has been sent to Venezuela. The official stated that the long-term goal for future sales is to transfer the proceeds into a U.S.-based fund and authorize expenditures for Venezuelan government obligations upon agreed instructions. The U.S. allowed Venezuela to use its own oil to generate revenue for teachers, firefighters, and police officers, preventing systemic collapse. The funds, held in Qatar, were intended as a temporary account to ensure Venezuela received necessary funds for operations.
