Nigeria, Jan. 8 -- The US President, Donald Trump, has said Venezuela will be purchasing only "American made products" with the proceeds from its oil deal with the US.

Mr Trump, in a post on Truth Social on Wednesday, said the South American country will have the US as its principal business partner, a move which he also described as a "wise choice for the Venezuelan people."

According to him, the products will include "American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment to improve Venezuela's Electric Grid and Energy Facilities."

The US Department of Energy had earlier stated that it would control sales of Venezuelan oil "indefinitely" and decide how the proceeds of those sales would be used.

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