economy
May 5, 2026
US Halts Forced Sale of Citgo with its 23rd Reprieve
The United States Department of the Treasury, through the Office of Foreign Assets Control (OFAC), has extended a general license protecting the refiner Citgo Petroleum from creditors of the Pdvsa 2019 bond until June 19, 2026.
TL;DR
- The U.S. Department of the Treasury extended a general license.
- The license protects Citgo Petroleum.
- Protection is from creditors of the Pdvsa 2019 bond.
- The protection lasts until June 19, 2026.