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|Topic subject||RE: Sanctions against gov officials implicated in drug trafficking & corruption|
13309368, RE: Sanctions against gov officials implicated in drug trafficking & corruption|
Posted by bentagain, Fri Jan-25-19 12:19 PM
"The sanction that prohibits Citgo from remitting profits to Venezuela is a very important measure. It means that the Venezuelan government is being deprived of approximately $1 billion a year. But in addition to that, the sanctions also stipulate that Venezuela practically cannot refinance its foreign debt, which is something logical that any country facing a difficult economic situation would do. The sanctions prohibit U.S. financial institutions from having any transaction, any interaction with the Venezuelan government and the Venezuelan state oil company, PDVSA."