US extends protection of Venezuelan oil unit Citgo
-
King of the cobbles van der Poel wins third straight Paris-Roubaix
-
McIlroy aims for Masters win and career Slam but DeChambeau threatens
-
Liverpool within touching distance of title, Wolves add to Spurs woe
-
Van Dijk's late winner edges Liverpool towards Premier League title
-
Alcaraz caps 'difficult week' with first Monte Carlo Masters title
-
China calls on US to 'completely cancel' reciprocal tariffs
-
Russian strike on city centre of Ukraine's Sumy kills 32
-
Atalanta beat Bologna to relaunch Champions League bid
-
Alcaraz sees off Musetti to win Monte Carlo Masters
-
Barca's Balde to miss key games with hamstring injury
-
Russian strike on Ukraine's Sumy kills 31, including two children
-
Erased identity: Post-war adoptee seeks German roots
-
Struggling Sevilla sack Garcia Pimienta
-
Japan qualify for BJK Cup finals with win over Canada
-
Iran says talks with US to focus solely on nuclear issue, lifting sanctions
-
Members of Hong Kong's Democratic Party approve plan to disband
-
Russian strike on city centre in Ukraine's Sumy kills 21
-
Green Day, Charli XCX and... Bernie Sanders helm Coachella day two
-
Hirpa and Biwott triumph at Paris Marathon
-
China's Xi courts Southeast Asia as Trump tariffs bite
-
Gaza hospital hit as Israel intensifies assault
-
Myanmar quake victims mark new year camped in ruins
-
Australian schoolboy Gout Gout scorches to 19.84sec over 200m
-
Bernie Sanders fights apathy on American left
-
Scottish rowing brothers aim for record-breaking Pacific crossing
-
Ennis downs Stanionis to unify IBF, WBA welterweight belts
-
Bernie Sanders thrills Coachella crowd with surprise appearance
-
Bulgarian border city hails Schengen tourism boom
-
Algeria protests after consular official indicted in France
-
Indonesia palm oil firms eye new markets as US trade war casts shadow
-
Indonesia's horror movie industry rises from the grave
-
Myanmar marks new year festival mourning quake losses
-
Death toll in Dominican nightclub roof collapse hits 226
-
Blues go back to forwards to turn around Super Rugby form
-
Harvey Weinstein sex crimes retrial to begin Tuesday in NY
-
Hip hop trio Kneecap has Coachella rapping in Irish
-
Day: McIlroy worthy of Tiger and Jack if he wins Masters
-
Ecuador votes in razor-close presidential runoff
-
DeChambeau surges late to line up Masters showdown with McIlroy
-
McIlroy eyes Masters win and Slam - 'I'll be able to handle it'
-
World Expo opens in Japan in rocky times
-
McIlroy leads by two heading into Masters final round
-
No.1 Scheffler grinds out level par on tough day at Masters
-
Ecuador's presidential hopefuls face toxic brew of crime, unemployment
-
Over 100 feared dead in Sudan paramilitary attacks in Darfur: UN
-
Ex-ministers charged as probe into deadly club fire broadens
-
Magisterial McIlroy leads midway through Masters third round
-
Own goal helps Liga leaders Barca beat Leganes
-
Svitolina seals Ukraine berth in BJK Cup Finals with Britain, Spain advancing
-
Marc Marquez fires warning with MotoGP Qatar sprint victory
US extends protection of Venezuelan oil unit Citgo
The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela's state-owned oil company PDVSA, from being seized by creditors, the department said.
The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since early 2019, when US sanctions against PDVSA took effect.
Citgo had been used by the government as collateral in various loans. It was also designated as an asset to offset defaults in cases decided in international and US courts.
Now, as part of the sanctions against PDVSA, the Treasury has extended by a year a decree which bars Citgo from being sold off to creditors.
The administration of then-president Donald Trump handed control of Citgo to opposition leader Juan Guaido in 2019 after recognizing him as his country's interim president following elections in which Maduro won another term amid allegations of fraud.
President Joe Biden still backs Guaido.
Oil-rich Venezuela's economy is crumbling under the rule of leftist Maduro and millions have fled the country. The US has imposed punishing sanctions on the government to choke off access to cash from oil exports.
O.Gutierrez--AT