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Trump Prohibits Purchase of Debts Owed to Venezuela, PDVSA

  • Order aimed at curbing trading of account receivables
  • Steps up pressure on Maduro regime following elections
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President Donald Trump increased pressure on Venezuela President Nicolas Maduro with an order prohibiting purchases of debts owed to the government, including to the crucial state-run oil company Petroleos de Venezuela SA.

“I have taken action to prevent the Maduro regime from conducting ‘fire sales,’ liquidating Venezuela’s critical assets -- assets the country will need to rebuild its economy,” Trump said in a news release Monday afternoon. “This money belongs to the Venezuelan people.”