US President Donald Trump has signed an executive order declaring a national emergency to safeguard Venezuelan oil revenue held in US accounts. This move aims to block creditors from seizing these funds, ensuring they are preserved for US foreign policy objectives and to promote stability in Venezuela. The order also prohibits transfers of these sovereign funds, superseding prior regulations.US President Donald Trump has signed an executive order declaring a national emergency to safeguard Venezuelan oil revenue held in US accounts. This move aims to block creditors from seizing these funds, ensuring they are preserved for US foreign policy objectives and to promote stability in Venezuela. The order also prohibits transfers of these sovereign funds, superseding prior regulations.
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