PDVSA

The ruling appears to clear the way for creditors of the South American country to acquire its assets.

The Venezuelan government is asking the U.S. Supreme Court to revisit a lower court ruling allowing creditors to go after the assets of the parent of its government-owned oil company that does business in the United States as CITGO Petroleum.

Venezuela’s ambassador to the United Nations dismissed the possibility of cooperating with U.S. investigations into a billion-dollar bribery schemes that allegedly occurred at the country’s state-run oil company while he was in charge.

The effects of 21st century socialism in Venezuela are horrifying.

The ruling appears to clear the way for creditors of the South American country to acquire its assets.

The Venezuelan government is asking the U.S. Supreme Court to revisit a lower court ruling allowing creditors to go after the assets of the parent of its government-owned oil company that does business in the United States as CITGO Petroleum.

Venezuela’s ambassador to the United Nations dismissed the possibility of cooperating with U.S. investigations into a billion-dollar bribery schemes that allegedly occurred at the country’s state-run oil company while he was in charge.

The effects of 21st century socialism in Venezuela are horrifying.