Venezuela receives US$300 million in oil sales to the USA

by Marcelo Moreira

Venezuela’s interim dictator, Delcy Rodríguez, said this Tuesday (20) that the country received US$300 million as part of the first sale of Venezuelan oil to the United States.

According to Rodríguez, the amount – corresponding to part of a US$500 million “agreement” – entered the country’s coffers and will be used to “protect workers’ income”, combat inflation and mitigate the negative effects of fluctuations in the currency market.

“These resources will be used to cover and finance our workers’ income and purchasing power, protecting them from inflation and the negative impact of fluctuations in the foreign exchange market,” said the dictator.

This is the first inflow of revenue from the agreement to sell oil to the USA, imposed by the White House after the capture of dictator Nicolás Maduro on the 3rd.

US authorities had confirmed last week the conclusion of the first sale of Venezuelan oil, and indicated that more transactions are planned in the coming weeks. The Venezuelan energy sector is currently under direct US supervision.

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