U.S. Returns $500 Million in Oil Sale Funds to Venezuela

The United States has returned $500 million to Venezuela from an initial oil sale, following a deal between Caracas and Washington. This move occurred after the capture of Venezuelan President Nicolas Maduro in a U.S. military operation, marking a significant diplomatic development between the two nations.

The United States recently transferred $500 million to the Venezuelan government, concluding the initial phase of an oil sale agreement reached last month between Caracas and Washington, according to a U.S. official.

The final installment of $200 million was delivered to Venezuela, signifying the completion of this initial transaction, the official informed Reuters.

This negotiation follows the January 3 capture of Venezuelan President Nicolas Maduro in a U.S. military operation, highlighting a major shift in U.S.-Venezuelan relations.

(With inputs from agencies.)