US selectively rolling back Venezuela sanctions, White House says
The United States is selectively rolling back sanctions on Venezuela, White House spokeswoman Karoline Leavitt said on Wednesday, following the toppling of Nicolas Maduro, who was seized from his country by US forces over the weekend.
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00:00With respect to Venezuela, the Trump administration, led by Secretary Rubio, the vice president, and the president's entire national security team, is in close correspondence with the interim authorities in Venezuela.
00:13We obviously have maximum leverage over the interim authorities in Venezuela right now, and the president has made it very clear that this is a country within the United States, the Western Hemisphere, close by the United States, that is no longer going to be sending illegal drugs to the United States.
00:29It's no longer going to be sending and trafficking illegal people and criminal cartels to kill American citizens as they have in the past, and the president is fully deploying his peace through strength foreign policy agenda, so we're continuing to be in close coordination with the interim authorities, and their decisions are going to continue to be dictated by the United States of America.
00:52Well, as you saw the president announced last night, this was a deal.
00:56This was a deal made by the president and his team with the Venezuelan interim authorities.
01:00This will benefit both the American people and the Venezuelan people.
01:04And Secretary Wright and the Department of Energy are working with the interim authorities and also with the private oil industry to execute on this historic energy deal.
01:13That's not only good for the United States, but it's also going to revive the prosperity, the safety, the security of both the United States and Venezuela as well.
01:21This was the sanctioned oil that was basically just sitting in barrels, sitting on ships because of the effective quarantine of the United States of America.
01:29And the interim authorities have agreed to release that oil to the United States, so it will be arriving here at home very soon.
01:36The United States government has already begun marketing Venezuelan crude oil in the global marketplace for the benefit of the United States, engage the world's leading commodity marketers, key banks to execute and provide financial support for these crude oil and crude product sales.
01:51All proceeds from the sale of Venezuelan crude oil and products will first settle in U.S. controlled accounts at globally recognized banks to guarantee the legitimacy and integrity of the ultimate distribution of proceeds.
02:03And those funds will be dispersed for the benefit of the American people and the Venezuelan people at the discretion of the United States government.
02:11There's a lot of private sector engagement that's happening right now.
02:15As you know, Secretary Wright, our energy secretary who's heading up this big project, is in Florida today meeting with some of these oil executives.
02:23And as we confirmed earlier, they will also be at the White House later this week.
02:26So they are absolutely eager to invest.
02:28They're eager about these opportunities.
02:30And Secretary Wright is a very well-knowledgeable guy when it comes to oil and energy, and he's the perfect man for the job.
02:36At this point in time, as you know, there are no troops on the ground in Venezuela.
02:41The president, of course, reserves the right to use the United States military if necessary.
02:45It's not something he wants to do.
02:47Diplomacy is always the first option, as you saw.
02:50He tried that with Nicolas Maduro, but unfortunately, he was an illegitimate dictator and an unserious person.
02:55And so President Trump authorized this law enforcement operation, and now Nicolas Maduro is sitting in a prison cell in New York.
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