The United States extends Citgo auction until March
Through a license issued by the US Treasury Department, the auction of Citgo has been extended until March
A new license issued by the US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the auction of the Citgo refinery until March.
The document states that it “temporarily prevents creditors from invoking US courts to collect debts against the Citgo Petroleum Corporation.”
The license “authorizes holders of Petróleos de Venezuela S.A. (PDVSA) bonds maturing in 2020 to conduct transactions starting March 20 and keeps the auction blocked.”
This new extension delays the legal proceedings against the refinery, “while the Venezuelan state reaffirms that the U.S. justice system has acted against international law to favor the interests of political groups.”
M.Pino
Source: ultimasnoticias
(Reference image source: Sasun Bughdaryan on Unsplash)
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