The US has $13bn in Venezuelan oil money. Where is it?

Ukraine has a new commander-in-chief after days of protests, and FT calculations show the US has collected more than $13bn in revenues from Venezuelan oil sales this year, but it's unclear what has happened to the money, and US President Donald Trump may unleash fresh tariffs on dozens of countries as soon as this week. Plus, Samsung is in talks to invest in French AI start-up Mistral, and investors are worried about betting big on Japanese bonds.

Mentioned in this podcast:

Zelenskyy replaces top Ukraine general in biggest military shake-up since 2024

The US has collected about $13bn of Venezuela’s oil money. Where is it?

Donald Trump prepares fresh tariff barrage with 10% levies set to expire

Samsung in talks to invest in Mistral at €20bn valuation

Investors fear Japanese bond bets risk becoming new ‘widow-maker trade’

Want to get in touch? Email us at [email protected]

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.