Collage
Should this case establishes financial links between PDVSA and the FARC, it would create a significant legal precedent, potentially overriding protections on the state company’s foreign assets. PDVSA has long been a vehicle for embezzlement by the government of Nicolás Maduro, leading to sweeping sanctions in January 2019. However, the terms of the sanctions protect its assets from being used to redress $150 billion in claims from Venezuela’s creditors and sectors of the opposition seeking to recover embezzled funds. Full Text -> InSightCrime
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