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Reuters
Reuters
Business
By Luc Cohen

Sanctioned Venezuelan staves off auction of New York City apartment

FILE PHOTO: The skyline of midtown Manhattan in New York City is seen from the United Nations headquarters in New York City, New York, U.S., July 20, 2018. REUTERS/Brendan McDermid

A Venezuelan media mogul sanctioned by the United States said he has received permission from Washington to make the payments necessary to avoid losing a luxury New York City apartment.

Raul Gorrin, the owner of Venezuelan television channel Globovision and an ally of socialist President Nicolas Maduro, told Reuters on Wednesday evening that he had received a license from the U.S. Treasury Department to pay the $650,000 he owes to the building's condo board and to New York City.

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