Tuesday, January 29, 2019

Venezuela's Guaido aims at control of PDVSA, Citgo as U.S. imposes sanctions

Venezuela's Guaido aims at control of PDVSA, Citgo as U.S. imposes sanctionsThe moves were aimed at intensifying pressure on President Nicolas Maduro, who was re-elected last year in a contest widely seen as fraudulent. Guaido proclaimed himself president last week, but without a source of revenue or control of the military, he faces difficult odds in assuming the post, despite support across most of the Western Hemisphere. Guaido, who has not yet appointed a Cabinet, faces the intricate legal challenge of nominating new leadership for PDVSA and its subsidiaries, including Citgo Petroleum, who would manage the companies during a transition.




from Yahoo News - Latest News & Headlines https://yhoo.it/2DEAXxr

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