Saturday 1 August 2026

How the Trump administration runs Venezuela and takes its money

Amid the fallout of devastating twin earthquakes Donald Trump says the US has been taking "billions and billions of dollars from Venezuela". So who is running the country and what is happening with th

By Sydney Daily News

1 Aug 2026, 4:41 am· Updated 1 Aug 2026, 5:00 am· 1 min read

How the Trump administration runs Venezuela and takes its money — Credit: ABC News Australia

Amid the fallout of devastating twin earthquakes Donald Trump says the US has been taking "billions and billions of dollars from Venezuela". So who is running the country and what is happening with the seized funds?

Source: ABC News Australia

Source: ABC News Australia

Related stories

Gaza's Fragile Hopes: Palestinians Skeptical of Trump's Elusive Peace

Gaza's Fragile Hopes: Palestinians Skeptical of Trump's Elusive Peace

As yet another peace initiative, brokered by former US President Donald Trump, dangles before them, Palestinians in Gaza voice profound doubt, their hopes eroded by decades of broken promises and escalating conflict.

Global power shift: Why the old order is crumbling and new threats emerge

Global power shift: Why the old order is crumbling and new threats emerge

The established world order, long dominated by a handful of powerful nations, is fracturing as unforeseen forces and once-marginalised actors increasingly dictate global events, creating a volatile new international landscape.

Chinese AI Challenges US Giants: A New Era Dawns for Global Tech

Chinese AI Challenges US Giants: A New Era Dawns for Global Tech

Australian businesses and investors are closely watching as a new wave of powerful yet cheaper Chinese artificial intelligence models rapidly gain global traction, threatening to disrupt the long-held dominance of US tech behemoths OpenAI and Anthropic.

Australia Braces for Prolonged Pain at the Pump as Iran War Fuels Oil Shock

Australia Braces for Prolonged Pain at the Pump as Iran War Fuels Oil Shock

Australians are facing a sixth month of soaring fuel prices, with experts warning of sustained economic pressure as the conflict in Iran shows no signs of abating, deeply impacting household budgets from the daily commute to the cost of groceries.