The South American nation, through its legitimate representatives, will continue to carry out the defense of the heritage of all Venezuelans, anywhere in the world,
The Government of Venezuela denounced this Sunday the illegal sale of the company Citgo Petroleum, a subsidiary in the United States of the state-owned Petroleos de Venezuela (PDVSA), after a judicial decision by the US court of the Delaware district, an action that constitutes an act of “Modern piracy”.
Venezuelan Foreign Ministry rejected the actions of the Delaware District Court, which issued a decision ordering to proceed with the procedures for shares judicial sale of the Venezuelan state company Citgo Petroleum belonging to PDV Holding, a company owned by PDVSA.
With this ruling, expressed the Foreign Ministry in a statement, the existence of a plan by the US government to confiscate PDVSA assets in the United States is clear.
#COMUNICADO | Venezuela denuncia la decisión del Tribunal del Distrito de Delaware, EEUU, sobre la venta judicial de las acciones de la empresa Citgo, propiedad de PDVSA, luego de llevar a cabo un acto de piratería moderna a través de un proceso que carece de legitimidad. pic.twitter.com/o9WtjecwNB
— Jorge Arreaza M (@jaarreaza) May 24, 2020
“Venezuela denounces the decision of the District Court of Delaware, USA, regarding the judicial sale of the shares of the Citgo company, owned by PDVSA, after carrying out an act of modern piracy through a process that lacks legitimacy ”, Foreign Minister Jorge Arreaza expressed in a tweet.
The diplomat released an official statement in which the Venezuelan Executive emphasizes that such sentence is evidence of a plan by the Donald Trump administration to confiscate the assets owned by Venezuela and its PDVSA companies, and for this they uses the contemptuous deputy Juan as an accomplice. Guaidó.
“For such purposes, they have delegated to the deputy Juan Guaidó and his accomplices, the establishment of a fraudulent representation of the Republic and PDVSA, which is not only illegal, but acts to the detriment of the national interest, to the benefit of interventionist intentions “they stressed.
According to the diplomatic body, the judgment intends to execute an award issued by the Arbitration Tribunal of the International Center for Settlement of Investment Disputes (ICSID), for a value of 1.2 billion dollars, based on a claim made by the Canadian company Crystallex against the Bolivarian Republic of Venezuela, even though neither PDVSA, Citgo, nor PDV Holding are debtors of Crystallex nor were they subject to the procedure before the ICSID Arbitration Tribunal.
They warned that faced with this act of arbitrariness and modern piracy, those who own investments in the United States should remain very vigilant in this case, since it is indicative of the actions that the Government of the country is willing to carry out, even against the law. international and internal legal, to assert your interests on strategic foreign investments.