Washington Thwarts Maduro’s Devious Oil Debt Scheme

The U.S. Treasury is blocking for 90 days creditors from seizing shares in Venezuela’s U.S. subsidiary Citgo, temporarily shielding the prized Venezuelan asset in a win for Venezuela’s opposition and its leader Juan Guaidó.   Venezuela’s state oil firm PDVSA must make a payment of US$913 million on a 2020 bond on Monday, October 28, but the bond is widely expected to go into default because the Venezuelan oil firm doesn’t have the money to make the payment. PDVSA, however, has used shares in its most prized foreign…