The Foreign Ministry issued a statement warning that the US wants to strip Venezuela of Citgo with the help of the Unitary Platform. He makes clear his position that this constitutes a blow to the dialogues in Mexico and to what was discussed in Bogotá on April 25
The Ministry of Foreign Affairs issued a statement in which he rejects the decision of the United States Department of Justice (USA) not to block a possible judicial auction of shares of the parent company of the Citgo oil refinery. In his opinion, this measure “hits the dialogues in Mexico and constitutes a blow against the international conference” that was held in Colombia on April 25.
This could stop the possibility of sitting down again at the negotiating table, which would constitute a new blow to the attempts at dialogue promoted by the international community by the Venezuelan government.
Through the text, dated May 1, the Foreign Ministry insisted that this type of action is a “sustained aggression” against the administration of Nicolás Maduro and that, with the help of the Unitary Platform, it accused him of wanting to expropriate the Venezuelan assets abroad.
«The US Government, through the Office of Foreign Assets Control (OFAC) of the Treasury Department, acting in bad faith, violating all legal principles, including those of an internal nature, colludes with extremist political groups Venezuelan and intend to dispossess the people of Venezuela, through an illegal and immoral expropriation, of the Citgo Petroleum Corporation. A rapacious and criminal action with the sole objective of causing the maximum possible damage to the citizens of our country, “says the statement.
*Read also: Opposition reiterates that PDVSA 2020 bonds are illegal to take Citgo
In the same way, he recalls that at the international conference on April 25, the countries that were present “demanded” the US to “stop the aggression” and to lift the sanctions against Venezuela.
The statement from the Foreign Ministry recalls that all payment agreements or transactions under General License 42 issued by OFAC or any other “is null and illegal under the laws of Venezuela and in accordance with International Law, so it will not be recognized by the Venezuelan State, nor by its organs of Public Power, including the Executive”.
In this sense, they warn that the State will take legal measures in this regard.
#Release | Venezuela denounces illegal and immoral expropriation of Citgo by the US government (+Details) ?https://t.co/9pCrO25m7O#TrabajoYPatria pic.twitter.com/NdPCy4SsaY
— Venezuela Foreign Ministry ?? (@CancilleriaVE) May 2, 2023
The United States will not block a judicial auction of shares in the parent of oil refiner Citgo, Justice Department officials told a federal court on May 1, paving the way for a possible seizure by creditors of the asset. Venezuela’s most precious foreigner, as reported by Reuters.
The US Treasury Department has protected Citgo from creditors with claims against Venezuela since 2020, and its change of heart would allow the claims to be resolved through negotiation or through an auction of shares in Citgo parent PDV Holding. Citgo is the sole asset of PDV Holding.
Post Views: 204
