WASHINGTON: Secretary of State Marco Rubio asserted that during “the first two months of this year, Venezuela generated more revenue from oil sales than in most of last year.”
US Secretary of State Marco Rubio stated this Thursday, March 26, during a cabinet meeting at the White House that revenues from Venezuelan oil sales are being deposited into a blocked account at the Treasury Department.
“The money is no longer being stolen. It is reaching the Venezuelan government to help fund hospitals and pay teachers,” the official declared after a meeting with President Donald Trump and reporters at the White House.
According to the official, this mechanism has allowed for a notable increase in Venezuelan tax revenue during the first months of the year, even surpassing the levels obtained in most of the previous year.
"In the first two months of this year, Venezuela generated more revenue from oil sales than in most of last year. The money is no longer being stolen. It is reaching the government to help fund hospitals and pay teachers," Rubio asserted before US President Donald Trump.
The official also explained that the funds remain under US supervision to ensure their proper use and prevent irregular practices.
In his remarks, he reiterated that the resources are held in a blocked Treasury account and that their release is being carried out gradually, with the objective of directly benefiting the Venezuelan population.
Rubio insisted that this mechanism seeks to ensure that the money is allocated to essential services.
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