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Venezuela bondholders inch toward showdown

Friday, May 26, 2017

Venezuela's Parliament urges USA to oppose deal of Rosneft and PDVSA

According to Borges’s letter, it will be illegal on the part of Rosneft to buy a stake of PDVSA in Citgo, if the regime of President of Venezuela Nicolas Maduro is not able to fulfill its illicit debt obligations to Rosneft. Borges urged the Committee on foreign investment in the United States to oppose the transaction. He also believes that the gaining of control by Rosneft is also contrary to the interests of the United States in the field of national security. More…

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