Washington: US President Donald Trump stated that Venezuelan purchases financed by a new bilateral oil deal will be limited exclusively to American-made products.
According to Kuwait News Agency, Trump wrote on his Truth Social platform that Venezuela will buy only US-made goods using proceeds from the new oil agreement between the two countries. He specified that the purchases will include American agricultural products, medicines, medical devices, and equipment to help improve Venezuela's electricity grid and energy facilities.
Trump emphasized that this arrangement signifies Venezuela's commitment to conducting business with the United States as its principal commercial partner. On Tuesday, he announced that Venezuela's interim authorities agreed to deliver between 30 and 50 million barrels of sanctioned oil to the United States under the deal. He noted that the oil would be sold at market prices, and as US president, he would oversee management of the revenues.
Trump assured that the proceeds would be utilized in a manner that serves the interests of both the American and Venezuelan peoples. Following a military operation last week, he stated that the United States would manage Venezuelan affairs until a smooth and fair transfer of power occurs. He also affirmed the administration's openness to supporting US oil companies in rebuilding Venezuela's energy infrastructure, a process he suggested could take less than 18 months.