Trump administration concerned about U.S. firms giving financial 'lifeline' to Venezuela
The Trump administration is concerned about any action
by U.S. companies that provides a financial lifeline to Venezuela's government,
senior White House officials told Reuters, after Goldman Sachs Group Inc came
under fire for purchasing $2.8 billion of state oil company bonds at a steep
discount. Venezuela’s political opposition and some U.S. lawmakers have
condemned the purchase of so-called "hunger bonds" as a way to prop
up President Nicolas Maduro's cash-strapped government, accused of being behind
food shortages affecting millions of Venezuelans in a worsening crisis. The New
York-based investment bank said last week that it never transacted directly
with Venezuelan authorities when it bought the bonds of oil firm PDVSA for
pennies on the dollar. More…
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