Home / Business and Economy / US Treasury Shields Citgo from Creditors Until June 19
US Treasury Shields Citgo from Creditors Until June 19
4 May
Summary
- US Treasury extended a license protecting Citgo Petroleum.
- The license shields the Venezuela-owned refiner from creditors.
- Protection is extended through June 19.
The U.S. Treasury Department has extended a license that shields Citgo Petroleum from its creditors. This crucial protection is now valid through June 19.
The license, announced on Monday, is a significant development for the Venezuela-owned refiner operating in the United States. It offers a temporary reprieve, preventing immediate action by creditors.
This extension allows Citgo to continue its operations without the threat of asset seizure or other creditor actions. The situation remains dynamic as the deadline approaches.
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