President Trump has moved to shield Venezuelan oil proceeds held in the US from being tapped by creditors, issuing an executive order that declares a national emergency and designates.
President Trump has moved to shield Venezuelan oil proceeds held in the US from being tapped by creditors, issuing an executive order that declares a national emergency and designates the money as off-limits to private claims. The directive, signed Friday and announced Saturday, says revenue from Venezuelan oil sales kept in US Treasury foreign government deposit accounts must be reserved for use in Venezuela to support «peace, prosperity and stability», Reuters reports.
