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Trump declares emergency to block court seizures of Venezuelan oil funds, aiming to boost U.S.-backed reconstruction efforts.
President Donald Trump signed an executive order declaring a national emergency to block U.S. courts and creditors from seizing Venezuelan oil revenues held in U.S. Treasury accounts.
The move, justified under emergency economic powers laws, aims to protect these funds for U.S. foreign policy goals, including promoting political and economic stability in Venezuela.
The administration asserts control over the assets to prevent diversion by the Venezuelan government and to support efforts to rebuild the country’s oil sector.
The order coincided with a White House meeting where Trump urged major oil companies to invest $100 billion in Venezuela’s energy infrastructure, though executives expressed skepticism over the feasibility of such investments amid ongoing instability and sanctions.
Trump declara emergencia para bloquear las confiscaciones judiciales de fondos petroleros venezolanos, con el objetivo de impulsar los esfuerzos de reconstrucción respaldados por Estados Unidos.