U.S. Resists Guaido's Request to Shield Venezuela From Creditors
- Guaido’s U.S. envoy sent letter to White House urging order
- Without protection order, PDVSA must pay bond to keep Citgo
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The U.S. is unlikely to grant a request from the Venezuelan opposition for an executive order protecting the nation’s assets from creditors, according to people familiar with the matter.
That means National Assembly President Juan Guaido, who’s recognized as head of state by the U.S. and more than 50 countries, will need to make a critical bond payment by the end of this month to ensure that investors don’t try to seize Citgo. The Houston-based refining company, owned by state-run Petroleos de Venezuela, was put up as collateral on the note.