The presidency in charge of Venezuela together with the United States government have ratified the protection of the assets of CITGO, a subsidiary of the Venezuelan oil company PDVSA, after the court ruling on the Crystallex case.

Through a statement published by the Legitimate Government of Venezuela, it is ratified that “all PDVSA properties in the United States - including Citgo - are protected, which means that it is not possible to legally seize any of those properties”.

“Venezuelans can have the full certainty that the President in Charge, Juan Guaidó, and those who are part of the Legitimate Government will take the case to the United States Supreme Court if necessary, to defend and safeguard the assets of our country” they sentenced.

Then the full statement:

The Legitimate Government of the Bolivarian Republic of Venezuela wants to clarify that Citgo is protected, despite the decision of the Third Court of Appeals of the United States to lift the suspension of the embargo measure taken in 2018 in favor of Crystallex on the actions of PDV Holding, Inc., owner of Citgo.

Indeed, as a result of the recognition of the legitimate Venezuelan Government by the United States, and as a result of the executive orders issued to promote the Venezuelan democratic transition, all PDVSA properties in the United States - including Citgo - are protected, and therefore, no It is possible to legally seize any of these properties.

In addition to this, the opinion of the Third Court of Appeals does not constitute a final decision on the case, because an appeal process is still ongoing and the instances have not been exhausted.

Venezuelans must remember that Crystallex sued the Bolivarian Republic of Venezuela and PDVSA in 2017 to collect 1.2 billion dollars, derived from the expropriation of its assets by the government of Hugo Chavez and that it was the regime of Nicolás Maduro who was in charge of the trial when a US court decided that Crystallex could collect its debt against the Republic, executing properties of PDVSA, specifically, the shares of PDV Holding, Inc., owner of Citgo.

At that time, the Maduro regime signed a transaction through which it sought to recognize Crystallex's right to collect the 1.2 billion plus interest and costs, and made a payment of 425 million dollars, mainly in PDVSA bonds, an Irish transaction that was signed by who usurps the position of Attorney General of the Republic and who did not have the approval of the National Assembly, the only legitimate power of Venezuela. In addition, Maduro's own regime reported that the transaction had been manipulated by Crystallex.

The Government of the President in Charge, Juan Guaidó, has assumed the defense of the State within the framework of the claims bequeathed by the regimes of Hugo Chávez and Nicolás Maduro, which has resulted in important victories before the United States Courts.

In the Crystallex case, the Legitimate Government will continue to exercise all means of defense before the Courts and before the United States Government, while investigating the fraudulent conditions under which the Maduro regime negotiated the case with Crystallex in 2018.

Venezuelans can be assured that the President in Charge, Juan Guaidó, and those who are part of the Legitimate Government will take the case to the United States Supreme Court if necessary, to defend and safeguard the assets of our country                                https://albertonews.com/economia/ultima-hora-presidencia-e-de-venezuela-y-ee-uu-ratifican-proteccion-de-citgo-tras-fallo-judicial-por-crystallex/