LatinNews Daily - 02 May 2023

VENEZUELA: OFAC to stop shielding Citgo parent from creditors

On 30 April, US Justice Department officials announced that the Office of Foreign Assets Control (OFAC) would not block a court-ordered sale of shares in PDV Holding – the parent company of Citgo, the US subsidiary of Venezuela’s state oil company Petróleos de Venezuela (Pdvsa), which has been targeted by creditors seeking repayment of debt owed by the Venezuelan state.

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