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Wendy Siegelman

@WendySiegelman

, 3 tweets, 1 min read

Venezuela doomed to lose Citgo this month unless US Treasury intervenes - expected default on $913 million PDVSA bond payment due Oct 27 would trigger transfer of Venezuelan ownership of Texas-based Citgo refinery to Russia’s Rosneft and other backers
miamiherald.com/news/nation-wo…

https://twitter.com/WendySiegelman/status/900749354172108800?s=20

https://twitter.com/WendySiegelman/status/900749354172108800?s=20

https://twitter.com/WendySiegelman/status/900749354172108800?s=20

https://twitter.com/WendySiegelman/status/923265597563129858?s=20

https://twitter.com/WendySiegelman/status/923265597563129858?s=20

Risk of PDVSA defaulting on payments & triggering bond holders & Rosneft (which had provided a loan with 49.9% of Citgo as collateral) to take ownership of Citgo has been a risk for years, but seems buried under other news stories now

https://twitter.com/WendySiegelman/status/923265597563129858?s=20

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