U.S. Treasury: Citgo Assets Won’t Be Claimed

The U.S. Department of Treasury has blocked any attempts by PDVSA compensation claimants and creditors to get their hands on the Venezuelan company’s U.S. subsidiary, banning all moves to “transfer or otherwise alter or affect property.” Reuters quoted the Treasury as saying that exceptions would be made only for parties with a special license. This pretty much pours cold water on the plans of at least one company to get what the court awarded it in one of several nationalization lawsuits against Venezuela’s government.…