This is a yuge blow to the commie regime in Venezuela, and incidentally to Russia, who own 49% of Citgo (yet another example of Trump-Russia collusion /s). The Trump administration set this up by reauthorizing the trade of Citgo bonds, which in turn allowed this Canadian mining company to sue them for defaulting on their debt. The bottom line is this cuts off the last remaining source of US dollars to the Maduro regime (other than drug money). If things were bad there before, they are about to get a lot worse.
1 posted on
08/10/2018 2:13:31 PM PDT by
Hugin
To: Hugin
2 posted on
08/10/2018 2:17:27 PM PDT by
Zhang Fei
(They can have my pitbull when they pry his cold dead jaws off my ass.)
To: Hugin
Ten bucks says that,in the end,the lawyers will be the only winners here.
3 posted on
08/10/2018 2:20:46 PM PDT by
Gay State Conservative
(You Say "White Privilege"...I Say "Protestant Work Ethic")
To: Hugin
Hmm...they owe China a lot more. Correct me if I’m wrong, but will this set up a Chinese lawsuit in U.S. courts against a Venezuelan company that is 49% owned by the Russians? My head hurts...
To: Hugin
To: Hugin
Seizure through the courts will take time. Plus Venezuela can just import Cuban oil ;).Maduro and his posse better keep their escape aircraft fueled up and ready to fly.
10 posted on
08/10/2018 2:49:19 PM PDT by
lurk
To: Hugin
President Malia Obama will return it to Venezuela in 2040 with a plane load of interest, paid in cash. /S
13 posted on
08/10/2018 2:59:38 PM PDT by
outofsalt
(If history teaches us anything, it's that history rarely teaches us anything.)
To: Hugin
WINNING!!!
16 posted on
08/10/2018 3:19:42 PM PDT by
Chode
( WeÂ’re America, Bitch!)
To: Hugin
I’m down with that struggle...
18 posted on
08/10/2018 3:23:40 PM PDT by
Paladin2
(no spelchek, no problem...)
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