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Reuters
Reuters
Business
By Vivian Sequera and Mayela Armas

Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources

Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of their release confidential, according to five people with knowledge of the efforts.

Delegations from the government of President Nicolas Maduro and the opposition returned to the negotiating table in Mexico at the end of November, after a year's pause, and signed an agreement aimed at gradually releasing frozen funds worth an estimated $3 billion.

But opposition leaders worry that the OPEC nation's creditors could take legal action to seize some of the funds to collect unpaid debts, the sources close to the matter, who asked to remain anonymous, told Reuters.

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