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.