Trump Declares Emergency to Lock Down Venezuela’s Oil Funds in U.S. Treasury
President Donald Trump has signed an executive order declaring a national emergency to block courts, creditors, and private parties from seizing Venezuelan oil revenue held in U.S. Treasury accounts.
The White House said the funds—classified as Foreign Government Deposit Funds—are now fully protected from attachment, judgment, liens, or any form of legal action. The order also bans any transfer or use of the money unless explicitly authorised by the U.S. government.
According to the administration, allowing the funds to be accessed would undermine U.S. foreign policy goals, weaken efforts to stabilise Venezuela, and threaten regional security. Officials linked the decision to concerns over illegal immigration, drug trafficking, and the influence of hostile foreign actors.
The White House warned that losing control of the oil revenues could strengthen groups such as Iran and Hezbollah while crippling initiatives aimed at restoring political and economic stability in Venezuela and across the Western Hemisphere.
The move forms part of Trump’s hardline “America First” approach to Venezuela. His administration has designated several criminal groups as terrorist organisations, imposed strict measures on oil shipments, and authorised aggressive action against narcotics networks operating in the region.
Earlier on the same day, Trump met with top oil executives, revealing plans for large-scale U.S. investment in Venezuela’s energy sector. He said the deals could involve “hundreds of billions of dollars,” boost oil production, and drive prices down globally.
The White House described the executive order as a strategic step to safeguard U.S. national security interests while maintaining control over Venezuela’s most critical financial asset.
President Donald Trump has signed an executive order declaring a national emergency to block courts, creditors, and private parties from seizing Venezuelan oil revenue held in U.S. Treasury accounts.
The White House said the funds—classified as Foreign Government Deposit Funds—are now fully protected from attachment, judgment, liens, or any form of legal action. The order also bans any transfer or use of the money unless explicitly authorised by the U.S. government.
According to the administration, allowing the funds to be accessed would undermine U.S. foreign policy goals, weaken efforts to stabilise Venezuela, and threaten regional security. Officials linked the decision to concerns over illegal immigration, drug trafficking, and the influence of hostile foreign actors.
The White House warned that losing control of the oil revenues could strengthen groups such as Iran and Hezbollah while crippling initiatives aimed at restoring political and economic stability in Venezuela and across the Western Hemisphere.
The move forms part of Trump’s hardline “America First” approach to Venezuela. His administration has designated several criminal groups as terrorist organisations, imposed strict measures on oil shipments, and authorised aggressive action against narcotics networks operating in the region.
Earlier on the same day, Trump met with top oil executives, revealing plans for large-scale U.S. investment in Venezuela’s energy sector. He said the deals could involve “hundreds of billions of dollars,” boost oil production, and drive prices down globally.
The White House described the executive order as a strategic step to safeguard U.S. national security interests while maintaining control over Venezuela’s most critical financial asset.
Trump Declares Emergency to Lock Down Venezuela’s Oil Funds in U.S. Treasury
President Donald Trump has signed an executive order declaring a national emergency to block courts, creditors, and private parties from seizing Venezuelan oil revenue held in U.S. Treasury accounts.
The White House said the funds—classified as Foreign Government Deposit Funds—are now fully protected from attachment, judgment, liens, or any form of legal action. The order also bans any transfer or use of the money unless explicitly authorised by the U.S. government.
According to the administration, allowing the funds to be accessed would undermine U.S. foreign policy goals, weaken efforts to stabilise Venezuela, and threaten regional security. Officials linked the decision to concerns over illegal immigration, drug trafficking, and the influence of hostile foreign actors.
The White House warned that losing control of the oil revenues could strengthen groups such as Iran and Hezbollah while crippling initiatives aimed at restoring political and economic stability in Venezuela and across the Western Hemisphere.
The move forms part of Trump’s hardline “America First” approach to Venezuela. His administration has designated several criminal groups as terrorist organisations, imposed strict measures on oil shipments, and authorised aggressive action against narcotics networks operating in the region.
Earlier on the same day, Trump met with top oil executives, revealing plans for large-scale U.S. investment in Venezuela’s energy sector. He said the deals could involve “hundreds of billions of dollars,” boost oil production, and drive prices down globally.
The White House described the executive order as a strategic step to safeguard U.S. national security interests while maintaining control over Venezuela’s most critical financial asset.
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