As crisis-plagued Venezuela struggles to pay its bills at
home and abroad, foreign creditors are circling one of the country's most valuable
assets: Citgo, the Houston-based oil company that it has owned since 1990. If
Citgo is seized and sold to pay Venezuela's debts, it could disrupt one of the
most reliable sources of cash for a country already reeling from
hyperinflation, food and medicine shortages, and a population exodus. U.S.
sanctions aimed at pressuring President Nicolás Maduro, who has overseen the
worst of the country's implosion, have exacerbated the government's pain,
largely blocking it from the U.S. financial system. The fight over Citgo is
unfolding in courtrooms and boardrooms across North America and Europe - with a
key decision expected by the end of the year. More…
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