President Donald Trump on Jan. 10 signed an executive order to shield proceeds from Venezuelan oil sales that are held in U.S. Treasury accounts from "attachment or judicial process," the White House said. The administration says the move is designed to prevent seizures that could undermine U.S. efforts to promote economic and political stability in Venezuela. The order directs Treasury authorities to block legal claims against the specified funds while they remain in U.S. accounts.
Trump Signs Executive Order Shielding Venezuelan Oil Proceeds Held in U.S. Accounts
FILE PHOTO: U.S. President Donald Trump looks on as he signs executive orders and proclamations in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025. REUTERS/Leah Millis/File Photo
Jan 10 (Reuters) - President Donald Trump on Jan. 10 signed an executive order designed to protect proceeds from Venezuelan oil sales that are held in U.S. Treasury accounts from "attachment or judicial process," the White House said.
The White House said the order aims to prevent the seizure of Venezuelan oil revenue that could "undermine critical U.S. efforts to ensure economic and political stability in Venezuela." The measure shields those funds from legal claims or court seizure while they remain in U.S. accounts.
What The Order Does
The executive order directs U.S. Treasury authorities to bar attachment or other judicial procedures against specified funds derived from Venezuelan oil sales held in U.S. financial accounts. According to the White House, the move is intended to preserve those revenues for U.S. policy objectives and to avoid actions that could complicate diplomatic and stabilization efforts.
Analysts say the step fits into broader U.S. policy toward Venezuela, which has included sanctions and support for democratic processes. The White House framed the action as necessary to protect strategic funds from seizure that might impair ongoing U.S. initiatives.
"President Trump is preventing the seizure of Venezuelan oil revenue that could undermine critical U.S. efforts to ensure economic and political stability in Venezuela," the White House said in a fact sheet.
Reporting by Ryan Patrick Jones in Toronto; Editing by Rod Nickel.
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