General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Saves Citgo, Repped by His Ex-Aides, From New Sanctions....because they supported his campaign
The White House on Friday announced a new round of sanctions against Venezuela that explicitly exempt the U.S. arm of the countrys state-owned oil company. That company, Citgo, donated six-figure sums to Trumps inauguration and recently hired former Trump officials to lobby for that exemption.
The purpose of the new sanctions announced by the administration is to target arms of the Venezuelan government that have supported or facilitated President Nicolas Maduros ongoing crackdown on domestic political opposition. The carve out for Citgo was included in the White House statement released on Friday.
Under the administration of President Donald Trump, those efforts entailed beefing up its D.C. influence operation with lobbyists with deep ties to the presidents political operation. In April, it hired Avenue Strategies, the firm co-founded by former Trump campaign manager Corey Lewandowski and campaign adviser Barry Bennett.
Since then, Citgo has paid Avenue Strategies $160,000 to lobby the White House, the Treasury Department, the Justice Department, and the Energy Department on the potential impact of U.S. energy and foreign policy restrictions on CITGO Petroleum Corporation's operations and valuation of assets, according to disclosure filings.
http://www.thedailybeast.com/donald-trump-just-gave-a-big-carve-out-to-citgo-an-oil-giant-repped-by-his-ex-aides
Wellstone ruled
(34,661 posts)Oil Companies access to Foriegn Currency. Rosenef is in the process of exchanging Refineries and Oil Fields with Citgo. Remember,Lukco Oil is a Russian Company as well and their source of supply is Citgo. Old Vlad has this White House so controlled,folks this is serious. Remember this,know one has found the 19.5% of Rosenef Stock that was supposedly moved to Qatar and parked in tons of Shell Companies as pay off for zero Russian Sanctions. Which btw,are due to hit next Thursday.
HipChick
(25,485 posts)Wellstone ruled
(34,661 posts)of Trump's Cabinet. This is appearing to be the biggest wealth Heist in the history of the World. One only has to watch some of the Stock Market Headlines. And this one should scare the crap out of everyone. Paul Singer scares Market forces. Paul Singer of Elliott Hedge Fund fame,sued a Latin American Nation for Billions and won his case. He bought up all of their distressed Paper and forced that Country to pay him off at Par in order to go away.
And again this Guy has pulled off another deal by which he is picking up distressed Bonds and going for another big pay day. Why not,he is one of Trump's money Guy's as well as the Republican Party Donors.
Angry Dragon
(36,693 posts)HipChick
(25,485 posts)Angry Dragon
(36,693 posts)Initech
(100,129 posts)He loves Chavez, Dutuerte, Erdogan, Mugabe, Un, and Putin. So of course he's supporting his admirers!