There is oil that is sanctioned that cannot move from Venezuela because of our quarantine. And so what we did is we entered into an arrangement with them. And the arrangement is this. On the oil that is sanctioned in quarantine, we will allow you to move it to market at market prices, not at the discount China was getting. in return. The funds from that will be deposited into an account that we will have oversight over. And you will spend that money for the benefit of the Venezuelan people. (17:45–17:50)
CLAIM
Asserts that the U.S. allows sanctioned Venezuelan oil to be sold at market prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
