The opposition party in Venezuela is working up a proposal that would see 200,000 barrels of crude oil per day exported to a trustee, who would then pay creditors who have laid claim on various Venezuelan assets abroad. Bondholders and creditors are going after Venezuela’s foreign assets in U.S. court for defaulting on payments—and those defaults, which exceed $20 billion, go beyond the value of Venezuela’s foreign assets.
Even the value of Citgo, Venezuela’s most prized possession in the United States. Under this…Venezuela Looks To Pay Down $20 Billion In U.S. Debt With Oil Exports
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