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US subsidiary of Venezuela's national oil, opposition party considers UN asset protection request

2019-09-20T01:04:33.673Z


[Caracas, 19 Reuters]-Venezuelan rebels are considering seeking asset protection measures from the United Nations to prevent creditors from seizing Sitgo, a US-based subsidiary of state-owned oil company PDVSA.


[Caracas, 19 Reuters]-Venezuelan rebels are considering seeking asset protection measures from the United Nations to prevent creditors from seizing Sitgo, a US-based subsidiary of state-owned oil company PDVSA. Several parties, including opposition legislators, revealed to Reuters.

President Guayed and his allies, who declared the inauguration of an interim president against the left-wing President Maduro earlier this year, are preparing to work with the United Nations to ensure that precious assets like Sitgo are maintained even after the Maduro administration collapses. Yes.

Economists and lawyers have called for a resolution of the United Nations Security Council, which protected Iraq's assets from creditors and enabled the country's economy to recover after the US invasion of Iraq in 2003.

Parliamentary diplomatic committee opposition member Carlos Valero explained in an interview that the UN is working on asset protection issues, and lawyers have been considering this for about two months, but the plan is still in its early stages. Explained.

There is no hope that this issue will be resolved at the UN General Assembly in New York next week.

However, given that Russia and China, which support the Maduro administration, are permanent members of the Security Council and both are creditors of Venezuela, it is pointed out that it is unlikely that asset protection measures will be approved by the Security Council. .

Source: asahi

All news articles on 2019-09-20

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