WHAT NEXT FOR VENEZUELA?

摘要

US sanctions have pulled the plug on Venezuelan oil sales and bond trading; foreign creditors to the Latin American country, sitting on the world's largest proven oil reserves, have largely been resting idle on their credit notes since 2017- Other types of investors would also be excused for becoming increasingly disgruntled, because even favourable outcomes of lawsuits may not lead to payment under the current leadership of socialist president Nicolas Maduro. International pressure for regime change and negotiation, rather than litigation, may represent their best hope.