Warren targets major banks over Trump administration’s Venezuela oil sales
Fox News
Sen. Elizabeth Warren leads Democratic investigation into major U.S. banks' role in Trump's Venezuelan oil sales after transparency concerns raised.
Diana Stancy is a politics reporter with Fox News Digital covering the White House.
While Trump has said that he would control the proceeds of the sale, the Department of Energy also announced Jan. 7 that this would require "key banks to execute and provide financial support for these sales" and that proceeds would remain housed at "U.S. controlled accounts at globally recognized banks."
Likewise, Trump signed an executive order Jan. 9 "declaring a national emergency to safeguard Venezuelan oil revenue held in U.S. Treasury accounts from attachment or judicial process, ensuring these funds are preserved to advance U.S. foreign policy objectives."
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