The US has $13bn in Venezuelan oil money. Where is it? artwork
FT News Briefing

The US has $13bn in Venezuelan oil money. Where is it?

Jul 22, 2026 · 10:59

Ukraine has a new commander-in-chief after days of protests, and FT calculations show the US has collected more than $13bn in revenues from Venezuelan oil sales this year, but it's unclear what has happened to the money, and US President Donald Trump may unleash fresh tariffs on dozens of countries as soon as this week. Plus, Samsung is in talks to invest in French AI start-up Mistral, and investo…