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US-Venezuela oil deal, Polish Olympic chief arrested, Russian attack near Kyiv
๐Ÿ‡ต๐Ÿ‡ฑ Poland /Conflict & Security

US-Venezuela oil deal, Polish Olympic chief arrested, Russian attack near Kyiv

From Rzeczpospolita · () Polish

Translated from Polish and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified Ongoing story
  • The United States has reached a historic oil deal with Venezuela, granting control over most of the country's oil reserves, which President Trump claims will lower global prices.
  • Radosล‚aw Piesiewicz, head of the Polish Olympic Committee, was arrested and will spend three months in pre-trial detention on charges of paid protection and defrauding creditors.
  • Russia launched another air attack on the Kyiv region, hitting an industrial facility and causing fires and explosions, with at least six people injured.

The United States and Venezuela have announced a landmark oil agreement that will see the U.S. gain control over the majority of Venezuela's confirmed oil reserves, estimated at over 65 billion barrels. President Donald Trump hailed the deal as the "largest oil transaction in the history of the world," asserting it will help stabilize and lower global oil prices, which have been impacted by the conflict with Iran.

This agreement reportedly ensures U.S. access to these vast reserves without burdening American taxpayers. Secretary of State Marco Rubio indicated that Venezuela would benefit from approximately $100 billion in investments as part of the deal. However, reports suggest that private investors involved in the negotiations are facing money laundering investigations, adding a layer of complexity to the transaction.

In Poland, Radosล‚aw Piesiewicz, the head of the Polish Olympic Committee (PKOl), has been arrested and ordered to remain in pre-trial detention for three months. A court in Katowice made the decision following a lengthy overnight session. Piesiewicz faces charges related to alleged paid protection and defrauding creditors, stemming from his involvement with the Zondacrypto cryptocurrency exchange.

the largest oil transaction in the history of the world

โ€” Donald Trumpdescribing the US-Venezuela oil deal

Prosecutors allege that in 2025, Piesiewicz used his supposed influence within the Office of Competition and Consumer Protection (UOKiK) to secure favorable treatment for the exchange's head in exchange for a watch valued at 170,000 Polish zloty. A second charge involves allegations of inciting the withdrawal of funds from the exchange during a period of liquidity crisis. Piesiewicz denies all charges, claiming he is the victim and has lost significant funds.

Meanwhile, Russia continued its aerial assault on Ukraine, launching another strike on the Kyiv region. The attack targeted an industrial enterprise in the village of Mila, west of Kyiv, resulting in at least six injuries and reports of fatalities. Fires and explosions erupted at the site, prompting emergency services to consider evacuating nearby residential areas. Traffic on the M-06 highway was also suspended due to the incident.

As a forward, you always want to score goals and contribute to three points. It is clear that you take the confidence you have had in recent matches with you. It will be a lot of fun.

โ€” Radosล‚aw Piesiewiczclaiming to be a victim and having lost money
About this summary

Originally published by Rzeczpospolita in Polish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.