Did Trump stop Russia, Maduro, and Chavez from plundering another billion dollars from Venezuela?
What did CITGO or PDVSA do with the billion and a half dollars it borrowed from Russia?
CITGO is a gasoline and petroleum company based in Houston and owned by PDVSA or Petroleos de Venezuela, S.A. from Caracas, Venezuela.
“CITGO almost came under U.S. control after freezing seven billion dollars belonging to PDVSA,” said Igor Sechin, CEO of Rosneft, a Russian-state oil company. He is pictured at the top of this story.
Rosneft had $103 billion in sales in 2017.
According to Delcy Rodriguez, U.S. and British authorities have frozen nine billion dollars belonging to Venezuela.
Russia recognizes Nicolas Maduro pictured at the top of the article, as President of Venezuela and Rodriguez as the V.P..
The U.S. recognizes both Maduro and Rodriguez as plunderers of Venezuela.
“Delcy Rodriguez” made the Treasury Department’s “Specially Designated Nationals List (SDN)” on Sept. 25th, 2018.
She will be arrested if found in the U.S. or one of its allies.
“Delcy Rodriguez” is the fourth name on the Office of Foreign Assets Control SPN in the list below:
Russian Foreign Minister Sergey Lavrov, right, welcomes and recognizes Delcy Rodriguez, lower left, as Venezuela's V.P. The photo was taken in Moscow, Russia on March 1st. The others are unidentified. (AP Photo/Pavel Golovkin)
On March 1st, Rodriguez moved the Lisbon office of PDVSA to Moscow to avoid further asset seizures and to avoid arrest.
Who owns Venezuela?
Petróleos de Venezuela, S.A. (PDVSA) purchased 50 percent of CITGO in 1986 and the other half in 1990.
“We (Russia) will never leave (Venezuela), and no one will be able to kick us out,” said Igor Sechin, CEO of Rosneft, a Russian-state oil company. The comment was made at a press conference in September with Maduro.
With Russian President Vladimir Putin, Sechin said he owns part of five Venezuelan oil ventures called limited partnerships.
Venezuela or PDVSA has already borrowed $19 billion from Russia.
Who knows what is still owed?
Russia is the one keeping tabs on the debt and the increasing variable interest rate.
Russia owns half of CITGO.
The other half was used as collateral to borrow $1.5 billion for Russia’s state-owned Rosneft oil.
Fortune, Reuter’s, and the Wall Street Journal estimate CITGO’s worth at three to six billion dollars.
If CITGO is unable to pay it back, Russia will own all of CITGO.
According to President Donald J. Trump and his Treasury and State Departments, money was plundered from Venezuela in the form of cash, gold, oil, and other natural resources.
And laundered through a Russian bank called Evrofinance Mosnarbank.
Mosnarbank was sanctioned yesterday by President Donald J. Trump. The bank is now subject to asset seizure by the Treasury Department.
This bank is owned by Chavez and two Russian companies, Gazprombank and VTB Group.
Hugo Chavez owns half of it. Chavez was President of Venezuela from 1999 to 2013.
He was succeeded by Nicolas Maduro.
The U.S. recognized Juan Guaido as Venezuela’s President on Jan. 23rd.
Last week, the Bank of England rejected Maduro officials’ request to withdraw a billion dollars of gold.
The money was frozen on behalf of the U.S.
On January 28th, Alexandra Belandia said she saw, “Tons of gold were loaded onto the plane that landed in Maiquetía”.
It flew from Simon Bolivar International Airport.
“We received information from officials of the Central Bank of Venezuela that an airplane arrived from Moscow, with the aim of transporting at least 20 tons of gold,” Jose Guerra said.
He is a Deputy of the National Assembly.
Twenty tons of gold at $2000 an ounce is $1,286,000.
“It was 20 per cent of Venezuela’s gold reserves”, said Guerra.
The plane was a Boeing 777, serial number VP BJG from Nordwind, a Russian airline.