Donald Trump Signs Executive Order Protecting Venezuela's Oil Revenue Held In US Accounts

Last Updated:January 10, 2026, 23:21 IST

The executive order signed by Trump is aimed at safeguarding Venezuelan oil revenue held in US Treasury accounts and blocking it from the country's creditors.

US President Donald Trump. (Image: REUTERS)

US President Donald Trump on Saturday took another step to control future sales of Venezuelan oil by signing an executive order meant to declare a national emergency and safeguard Venezuelan oil revenue held in US accounts.

The executive order signed by Trump on Saturday effectively blocks the oil revenue from the Latin American country’s creditors and prevents its seizure to satisfy debts or other legal claims, according to a White House fact sheet. The goal is to ensure “these funds are preserved to advance US foreign policy objectives".

The emergency order said the revenue, held in foreign government deposit funds, should be used in Venezuela to help create “peace, prosperity and stability." The order was signed on Friday, less than a week after US forces captured Venezuelan leader Nicolas Maduro in Caracas.

Several companies have longstanding claims against the country, such as Exxon Mobil and ConocoPhillips, which left Venezuela nearly 20 years ago after their assets were nationalised under the Maduro regime. Both companies are still owed billions of dollars, according to Reuters.

News world Donald Trump Signs Executive Order Protecting Venezuela's Oil Revenue Held In US Accounts

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