The US will monitor and approve payments to Venezuela from the proceeds of oil sales via an offshore account in Qatar, as Washington fleshes out how it intends to manage affairs in Caracas following the capture of Nicolás Maduro.
Secretary of state Marco Rubio admitted the scheme, under which Caracas will send Washington spending plans for this portion of its national income, was a “novel” quick fix as the administration got to grips with overseeing affairs in the country.
But he promised it would be “temporary” and would result in oil proceeds being spent in the US rather than to benefit Russia or China.
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