May 19, 2024

Venezuelan opposition asks court to delay Crystallex seizure of Citgo shares

Courtesy of Oil Price

Crystallex is seeking to collect on a $1.4 billion judgment for Venezuela’s expropriation of its assets under late socialist leader Hugo Chavez. Venezuela’s opposition, which took control of Citgo last year after Washington sanctioned PDVSA, sought to have a ruling in favor of Crystallex thrown out, but the U.S. Supreme Court last month declined to hear the case.

Translation/ Traducción