Elliott Investment Management’s Citgo gamble
An Elliott affiliate in November won a messy bidding war for Citgo, which had been owned by Venezuela’s state oil company.
An Elliott affiliate in November won a messy bidding war for Citgo, which had been owned by Venezuela’s state oil company.
“Paul Singer’s shady purchase of Citgo has everything to do with this coup.”
Investments into the US more than doubled as Gulf funds piled into US tech and the American economy.
A currency collapse and surging inflation have squeezed living standards.
The raft of export restrictions included goods with potential military applications.
US imperial ambitions directed at an EU member were met with coordinated diplomatic pushback and explicit warnings against altering borders by force.
“Venezuela reaffirms its commitment to peace and peaceful coexistence. Our country aspires to live without external threats, in an environment of respect and international cooperation,” Rodriguez said.
Officials hope that “keeping Greenland to one side,” as Politico put it, will allow for progress on Ukraine peace talks.
Forcible regime change and US occupation of Venezuela are unlawful under the UN Charter.