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Latin Times
Latin Times
Politics
Pedro Camacho

Venezuelan opposition urges U.S. to stop auction of Citgo, the country's largest foreign asset

Citgo (Credit: Creative Commons)

Venezuela's opposition is intensifying its lobbying efforts in Washington to persuade the Biden administration to intervene in the court-ordered sale of Citgo Petroleum Corp.'s parent company in the country.

The fear is that, if executed, the sale could be used by the Maduro regime to blame the opposition for what would be a crucial loss ahead of the upcoming presidential elections, set for July 28.

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