US handles more than $12bn in Venezuelan natural resource revenues — Pajhwok

KABUL (Pajhwok): The United States handled more than $12 billion in revenue from Venezuela’s oil and other natural resources during the first nine months of 2026, according to a report released by the US Department of State. Reuters reported that the figures were contained in a report prepared by accounting firm KPMG and made public by the US State Department. According to the report, following the US operation that led to the removal of Venezuelan President Nicolas Maduro on January 3 this year, the administration of US President Donald Trump established a mechanism under which buyers of Venezuelan oil and other natural resources deposit the proceeds into an account managed by the US Department of the Treasury. The funds are subsequently disbursed to Venezuela through arrangements overseen by US authorities, including foreign currency auctions organised by Venezuelan authorities. The report said that more than $12.26 billion was deposited into the account between January 3 and September 30. More than $12.1 billion came from the sale of oil, petroleum products and natural gas. A further $108 million was generated from gold sales, $22 million from minerals and $24.6 million from fertiliser sales. By September 30, $12.11 billion, or nearly 99 per cent of the total deposits, had been disbursed, the report said. Most of the money was channelled into Venezuela’s economy…