Overview
- The executive order is dated Jan. 9 and follows a national emergency declaration concerning Venezuelan oil proceeds.
- It prohibits seizure or judicial enforcement against revenue from sales of Venezuelan crude held in U.S. Treasury accounts.
- The order states that allowing claims on the funds would significantly undermine U.S. efforts to secure Venezuela’s economic and political stability.
- Reporting says the administration intends to manage oil-sale proceeds indefinitely, depositing them in U.S.-controlled accounts and deciding any allocations to Venezuela at U.S. discretion.
- Kyodo News, carried by multiple Japanese outlets, reported the move and framed it within a broader U.S. pressure campaign that could include military options against President Nicolás Maduro.