economy
Trump-linked financial group puts US$200 million on the table to invest in Venezuela and Latin America
USA eased financial sanctions through General License 57. Photo: iStock
TL;DR
- A Trump-linked investment firm has created a SPAC to raise $200 million for business operations in Venezuela.
- The SPAC is part of a strategy targeting Latin American markets with perceived economic recovery and investment potential.
- The move comes after significant political and economic shifts in Venezuela, including changes in leadership and oil sector reforms.
- Yorkville, the firm behind the SPAC, has had prior involvement with projects linked to Trump allies, including those related to Trump Media & Technology Group and bitcoin investments.