Carlos Vecchio, ambassador to the United States, gave his opinion on the CITGO case, explaining that the decision of the Delaware judge only implies the resumption of the trial of the Canadian company Crystallex – currently in bankruptcy – after it was expropriated in 2008 by Hugo Chávez.
“No one can seize Citgo without an authorization (license) from OFAC. Thanks to the efforts of the interim government there is protection of our assets through an executive order from the U.S. administration,” the Venezuelan diplomat explained through his Twitter account.
Vecchio reiterated that it was the irresponsibility and criminality of the dictatorship through indebtedness and expropriations carried out by Chávez and Maduro that have put all of Venezuela’s assets abroad at risk, including CITGO.
“Maduro is responsible for the debt of Cristallex. The irresponsible and criminal policy of indebtedness and expropriation carried out by Chávez and Maduro has put at risk all of our assets abroad, including CITGO,” he said.
The diplomat said the regime has failed to pay the corresponding amounts of the debts and criminal expropriations generated by them. “Crystalex is an offspring of Maduro. Many interests of the regime’s cronies and friends are behind this assault on the nation,” he said.
“Maduro is a bad payer that has been dedicated to looting what’s left without caring about losing the country’s assets. History will be relentless in condemning the greatest plundering of the nation in all its history,” he said.
La política irresponsable y criminal de endeudamiento y expropiaciones llevada a cabo por Chávez y por Maduro han puesto en riesgo todo nuestros activos en el exterior, incluyendo CITGO. Hemos logrado proteger CITGO a través de una Orden Ejecutiva de los Estados Unidos.
— CARLOS VECCHIO (@carlosvecchio) May 23, 2020