US Report Says $12.11 Billion in Venezuelan Proceeds Disbursed

A State Department report says the United States disbursed $12.11 billion from an account holding Venezuelan oil and other resource proceeds between January 3 and September 30, 2026, leaving about $168.6 million in the account. The figures are based on a review by accounting firm KPMG and cover money managed by the US Treasury under an arrangement with Venezuela’s interim authorities.

The account received about $12.26 billion during the period, the report says. Most of the revenue came from oil and petroleum products, with smaller amounts from gold, minerals and fertilizer. The report says nearly 99 percent of the deposits had been disbursed by September 30, the end of the US budget year.

Most payments went through foreign-exchange transactions with Venezuelan commercial banks. About $133 million was paid directly for services and supplies required by the Venezuelan government. The report describes the foreign-exchange transactions as a means of distributing funds in Venezuela; it does not detail the final recipients of most of the money.

The publicly released report withholds the identities of about 20 buyers or depositors. It says they underwent US checks for sanctions and...