OFAC Extends Citgo Protection to Dec 2026, Signals Pdvsa Bond Restructuring Path

OFAC extended General License 5AA, shielding Citgo's shares from creditor enforcement until December 2026, and signaled willingness to license refinancing of Pdvsa's 2020 bonds. This extends a protective stance toward Citgo's assets, potentially easing Venezuela's debt restructuring prospects while maintaining sanctions pressure.

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