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US President Donald Trump on Friday (local time) signed an Executive Order declaring a national emergency to protect Venezuelan oil revenue held in US Treasury accounts from legal attachment or judicial seizure, saying the move is aimed at advancing US foreign policy and national security objectives.
ANI
Updated : Jan 11, 2026, 12:35 AM IST
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According to the White House, the Executive Order blocks any attachment, judgment, lien, execution, garnishment or other judicial process against Venezuelan oil revenues and diluent sales deposited in US Treasury accounts.
These funds, termed “Foreign Government Deposit Funds,” are to remain frozen unless specifically authorised under the new order. The order also prohibits any transfer or dealing in the funds and overrides earlier directives that may have regulated or restricted such transfers or dealings. It states that the oil revenues are the sovereign property of Venezuela, held in US custody for governmental and diplomatic purposes, and cannot be claimed by private parties.
The Trump administration said allowing such funds to be seized would undermine US efforts to ensure political and economic stability in Venezuela and threaten broader regional security. It linked the decision to concerns over illegal immigration, narcotics trafficking and the influence of hostile foreign actors. The White House said loss of control over Venezuelan oil revenue could strengthen groups such as Iran and Hezbollah while weakening effor
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