Rubio Says US Does Not Intend to Control Venezuelan Oil Revenues 'Indefinitely'
The secretary of state said the current arrangement is meant to ensure proceeds benefit the Venezuelan people.
US Secretary of State Marco Rubio said the United States does not intend to control revenues from Venezuelan oil on an indefinite basis, describing the current mechanism as designed to ensure the money benefits the Venezuelan population.
The comments come amid continued US sanctions and related measures affecting Venezuela's oil sector, which have been a central point of tension between Washington and the government of Nicolas Maduro for years.
Rubio did not lay out a specific timeline for when or how US involvement in overseeing Venezuelan oil revenue arrangements might change, nor did he detail the current mechanism in depth.
US policy toward Venezuela has fluctuated between periods of stricter sanctions and more limited licensing arrangements allowing certain oil transactions, often tied to political developments inside Venezuela, including disputed elections and negotiations between the government and opposition.
The Venezuelan government has not issued an immediate response to Rubio's remarks.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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