Washington’s OFAC Licenses Prevent CITGO’s Auction
Venezuelan Vice Minister for Anti-Blockade Policies William Castillo explained that as a consequence of the decisions announced by the United States Department of the Treasury regarding sanctions against Venezuelan Oil, the auction of the Venezuelan company CITGO planned for 2024 has been prevented.
Castillo said to Últimas Noticias this Thursday, October 19, that the decision extends the prohibition on the sale of PDVSA bonds that are tied to CITGO.
“That is very important because it has implications for the auction. While it is in force, and is extended until January, the CITGO auction cannot be held,” he added.