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As Venezuela's Opposition Stumbles, the Country's Creditors Circle

Jun 28, 2019 | 05:45 GMT
People relax on the bank of the Tagus River where Venezuelan PDVSA oil tanker Rio Arauca lies at anchor, having been impounded by Portuguese authorities for nearly two years due to unpaid debt, March 9. 

People relax on the bank of the Tagus River where Venezuelan PDVSA oil tanker Rio Arauca lies at anchor, having been impounded by Portuguese authorities for nearly two years due to unpaid debt, March 9. The ship is one of 18 vessels declared in emergency by the Venezuelan state-owned oil company after Bernhard Schulte Shipmanagement (BSM) decided to cancel operating PDV Marina (the maritime arm of PDVSA) tankers due to an unpaid debt of some 12 million euros. 

With dissident leader Juan Guaido faltering in his efforts to oust Venezuela's current government, foreign bondholders will go after the country's assets more aggressively -- hurting the economic prospects of any post-Maduro administration....

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