POST Online Media Lite Edition



 

Venezuela to defend Citgo ownership at US courts

Staff Writer |
The Bolivarian government maintains the position of defending before US courts the ownership of the company Citgo, a subsidiary of Petroleos de Venezuela (PDVSA) on US soil, following new sanctions issued by the State Department.


As part of the confrontation with the unilateral measure that is outside of international law, the President of the Republic, Nicolas Maduro, described the action as illegal, immoral, and criminal.

From the Miraflores Palace (seat of the Government), the head of state repudiated the intention of Washington to take over Citgo as another step of the continued coup against his government, under the auspices of the local right wing.

'The United States has decided to go the way of stealing the Citgo company from Venezuela and it is an illegal road. I have already given the precise instructions to the president of PDVSA and owner of Citgo, to initiate political, legal actions before the US and world courts to defend the property and wealth of the consortium,' Maduro said.

The president said that the objective of the White House is to appropriate the Venezuelan natural resources and at the same time the national territory.

Maduro blamed the deputy of the National Assembly, parliament in contempt and legal nullity and 'self-proclaimed president' of Venezuela, Juan Guaidó, of promoting these new sanctions against the nation.

He also recalled that thanks to Citgo, in the United States more than two million people affected by the ravages of natural disasters have been treated.

By means of his declarations the Venezuelan president centers the position of his Government before the announcements Monday from the White House of the US Secretary of the Treasury, Steven Mnuchin, which evidenced that the intention of those punishments is to offer more support to the opposition deputy Guaido, with the approval of the president, Donald Trump.

In this regard, the US official said that the only way to suspend sanctions against PDVSA is through the transfer of control of the company to Guaido or a subsequent government.

According to Mnuchin, as a result of these sanctions, Citgo will be able to continue its operations, but it will not be allowed to send money to the Bolivarian government.

For his part, Trump's national security adviser, John Bolton, one of the main promoters of the current administration's hostility to Caracas, said the sanctions amount to seven billion dollars in blocked assets.

The economic measures are the most recent actions by Washington to encourage the developing coup against Maduro.


What to read next

Venezuela, Trindad and Tobago sign natural gas exploration, refinery deals
China signs 12 deals with Venezuela
Venezuela to work with China to boost oil production