MercoPress. South Atlantic News Agency
Venezuela's new oil revenues to be spent solely on US goods
Washington wants to become Caracas' new main trading partner in lieu of Moscow, Beijing, or Tehran, Trump explained President Donald Trump on Wednesday announced that the proceeds from his country's future oil purchases from Venezuela under caretaker President Delcy Rodríguez will be spent entirely on US-made products, making Washington Caracas' new main trading partner instead of Moscow, Beijing, or Tehran.
The initiative directive follows the administration's aggressive pivot to assume control over Venezuela’s natural resources following the January 3rd capture of dictator Nicolás Maduro.
Writing on Truth Social, President Trump outlined the specific sectors that will benefit from the multi-billion-dollar arrangement. Under the terms dictated by Washington, Venezuela will use its oil proceeds to purchase US grains and food products to address domestic shortages, American-made medicines and high-tech medical devices, and equipment to modernize Venezuela’s failing electric grid and energy facilities.
“A wise choice, and a very good thing for the people of Venezuela and the United States,” Trump posted, framing the deal as a strategic economic realignment.
The announcement comes 24 hours after the White House confirmed that Venezuela’s interim authorities agreed to turn over a first “tranche” of 30 to 50 million barrels of sanctioned oil to the US.
Energy Secretary Chris Wright clarified that while the oil will be sold at market prices, the proceeds will be held in US-controlled accounts. This ensures that the capital is only released when used to purchase American goods or services approved by the Trump administration.
To ensure total compliance, the US continues to strictly enforce its naval blockade, “Operation Southern Spear.” On Wednesday, US forces successfully seized two additional tankers attempting to bypass the embargo.
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Read all commentsSo, they must sell the oil to the US at a US fixed price, no doubt cheaper than the current Canadian heavy crude, despite the greatly increased transport costs and then spend the money in the US.
Jan 09th, 2026 - 02:45 pm 0And no plan for a democratic ‘independent’ Venezuela any time soon, able to sell its own oil on the world market and spend the money how and where it wishes
A colonial model worthy of any empire in the past.
I think that's the idea... ;)
Jan 09th, 2026 - 06:57 pm 0They have to keep abreast of what's happening within Venezuela, especially since it is still teeming with Maduro and Chavez supporters, the very same people who plundered the country and literally starved the population. Thousands of Venezuelans abroad want to return to their homeland, but they need time to relocate. Only then should elections be held. And the crude will be sold at market prices, which appears to be pretty transparent to me.
Jan 09th, 2026 - 11:12 pm 0Commenting for this story is now closed.
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