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Marco Rubio: “The proceeds of that oil, which by the way is being sold at…”

Featuring: Marco Rubio, Republican | Secretary of State, United States | National

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Secretary of State Marco Rubio Testifies on Venezuela

Published | Video Starts at 30:48

Is not going, continuing to go to the drug cartels. Right. So that's the process that I outlined to you. So on the sanctioned oil, the oil that requires us permission to move that oil, The proceeds of that oil, which by the way is being sold at market price, not at the discount Venezuela was being forced to sell, is being deposited into an account that ultimately will become a U.S. treasury blocked account. Here in the United States. They will submit. We will at the front end say this is what this money can be spent on, on these things. We will submit to them. (30:48–30:59)

CLAIM

Asserts that proceeds from Venezuelan oil are being deposited into an account that will become a U.S. treasury blocked account.

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.


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