Venezuela opposition is opening US fund to hold oil sales income

The US national security advisor says Washington is considering lifting sanctions from Venezuelan military officials if they recognize the opposition leader as interim president.

In a twitter post, John Bolton urged Venezuelan military officers to make a right choice and align with Juan Guaido instead of embattled President Nicolas Maduro.

He threatened that if that does not happen, the international financial circle will be closed off completely. Meanwhile, Venezuela’s opposition has announced it is opening a U-S fund to receive oil sales income from the country’s state-run oil firm.

Opposition lawmaker Carlos Paparoni said the move is quite advanced, expressing hope that their U-S representative would announce the plan next week. Venezuela has been embroiled in turmoil since Guaido declared himself as interim president.