INSUBCONTINENT EXCLUSIVE:
On the brink of an economic disaster, Venezuela faces the imminent loss of Citgo, a prized $13 billion asset.Acquired in 1990, Citgo
to auction Citgo, prompting intense outcry from Venezuelan leaders and citizens alike.This auction could seal the fate of Citgo, stripping
(Photo Internet reproduction)These entities claim a staggering $21.3 billion due to past government actions.Pedro Tellechea, leader of
traces back to policy decisions made under Hugo Chavez, whose administration aggressively nationalized assets, including Citgo.The
opposition, led briefly by Juan Guaido, has also played a role
They managed Venezuelan assets in the United States , a strategy that has since been questioned for its legality and effectiveness.The
Profound Implications of Losing CitgoThe implications of losing Citgo are profound
Beyond the immediate economic impact, it symbolizes the broader challenges of governance and economic management in Venezuela.The ongoing
legal battles and political disputes highlight the complexity of managing national assets in a highly polarized environment.These events
underscore the need for coherent strategies that safeguard national interests while navigating international legal and financial systems.As
political stability as elections approach.This saga of Citgo illustrates the intricate dance between national sovereignty, economic
necessity, and international law, with far-reaching consequences for the Venezuelan people.
