🇻🇪 Venezuela is pushing back against a U.S. court decision to sell shares of Citgo Petroleum's parent company, calling it a 'forced' and 'fraudulent' move. The Delaware court greenlit the $5.9B sale last week, sparking fresh tensions between Caracas and Washington.
Venezuela's Stance
Vice President Delcy Rodríguez, in a televised statement, vowed to appeal the ruling, accusing the U.S. of undermining Venezuela's sovereignty. 'We reject this judicial farce,' she said, echoing President Nicolás Maduro's long-standing opposition to the sale.
Legal Battle Heats Up
Lawyers for Venezuela and Citgo filed an appeal Monday, challenging the court's approval of PDV Holding's sale to a hedge fund affiliate. The case, tied to a decade-old dispute over nationalized assets, could reshape global energy markets.
Public Distrust
A recent poll by Hinterlaces reveals 90% of Venezuelans believe the U.S. aims to overthrow Maduro and control the country's oil reserves—a sentiment fueling protests and diplomatic clashes this year.
📉 Analysts warn the sale could destabilize Venezuela's economy, already reeling from sanctions and hyperinflation. Stay tuned for updates as the legal drama unfolds. ⚖️
