Media: $12 billion in Venezuelan export earnings went into accounts controlled by the US.
Xinhua News Agency, Caracas, November 10 (reporter Tian Rui) Venezuelan media reported on the 10th that in the first nine months of 2026, the US government received more than $12 billion from the export of natural resources in Venezuela through bank accounts under its control.
According to reports, the "New York Times" cited a confidential report prepared by the international financial services company KPMG that day and revealed that from January to September of this year, Venezuela's revenues totaling $12.26 billion from the export of oil, mineral products and fertilizers went into accounts controlled by the United States. The report details the operations of the account, which is used to manage the proceeds Venezuela earns from exporting oil and other natural resources.
The report also said that most of the funds were returned to Venezuela after a request from the Central Bank of Venezuela and verification by officials from the US State Department and the Treasury Department.
On January 3 of this year, the United States launched a large-scale military attack on Venezuela, forcibly taking over Venezuelan President Maduro and his wife and taking them to the United States. US President Trump has said that the US will "manage" Venezuela until a "safe" transition is implemented, and major US oil companies will invest in Venezuela. US Energy Secretary Chris Wright said on January 7 that Venezuela's oil sales would be under the control of the US government, including not only inventory but future sales "indefinitely". The proceeds from the sales will be deposited into an account controlled by the US government.
According to a report by the national television of Venezuela on the 9th, the country's government signed a memorandum of understanding with the American oil company ExxonMobil to increase oil production. The memo covers existing oil field projects and new projects, which include reserves of up to "billions of barrels".