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Trump signs order to protect Venezuela oil revenue held in US accounts

President Trump has signed an executive order to protect Venezuelan oil revenues held in U. S. accounts, preventing their seizure by courts. This order emphasizes that these funds are sovereign property of Venezuela and not available for private creditors, citing national security concerns.

Trump signs order to protect Venezuela oil revenue held in US accounts

Credit: Foxnews

Key Highlights

  • Trump signed an executive order blocking U. S. courts from seizing Venezuelan oil revenues.
  • The order is titled 'Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People.'.
  • It states that the funds are sovereign property of Venezuela.
  • The order claims court seizures would pose an 'unusual and extraordinary threat' to U. S. national security.
  • The White House confirmed the order follows the ousting of Nicolas Maduro.
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Sources

  1. Trump Signs Executive Order To Protect US-Held Money From Venezuela Oil
  2. Trump signs order to protect Venezuela oil revenue held in US accounts

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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