Trump says ready to sell Venezuelan oil to Russia and China

US President Donald Trump has said he will sell China and Russia "all the oil they need" as his administration takes control of Venezuela's oil exports.

Source: CNN, citing Trump speaking to oil and gas company executives

Quote: "We are open for business.

China can buy all the oil they want from us, there or in the United States. Russia can get all the oil they need from us."

Details: CNN reported that earlier at the White House meeting with energy executives, Trump had defended his administration's move to take control of Venezuela's oil and the capture of former Venezuelan leader Nicolás Maduro. He argued that if the US did not act first, China and Russia would have done so.

Quote: "If we didn't do this, China would have been there and Russia would have been there."

Details: CNN noted that these comments contrast with Trump's previous criticism of European allies for doing business with Russia amid the war in Ukraine. He claimed last year that the war could end if European countries stopped buying Russian oil.

Background:

• Earlier, Trump stated that the US will govern Venezuela until a clear and secure transfer of power occurs, a process he suggested could take years.
• His administration also plans to control the country's oil sales.
• This week, US Secretary of State Marco Rubio outlined a three-stage plan for Venezuela under Trump's administration.

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