Trump Hid Venezuela's Oil Wealth in Qatar; Maduro's Nation Looted

America
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News18•29-01-2026, 16:38
Trump Hid Venezuela's Oil Wealth in Qatar; Maduro's Nation Looted
- •The US, under Trump, allegedly siphoned off Venezuela's oil revenue, estimated at $500 million, and deposited it in a Qatari bank.
- •This move is seen as a strategy to solidify US control over Venezuela and protect the global dominance of the US dollar.
- •Qatar was chosen as a neutral location to prevent international creditors from seizing the funds, as US court orders are not directly applicable there.
- •Venezuela owes approximately $170 billion to international creditors, who would have claimed the funds if kept in US banks.
- •The US aims to ensure Venezuelan oil is sold only in dollars, preventing its alignment with BRICS nations and their local currency trade initiatives.
Why It Matters: Trump's administration allegedly diverted Venezuela's oil revenue to Qatar to maintain control and dollar dominance.
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