MIAMI ā A U.S. federal judge authorized on Thursday the seizure of Houston-based Citgo Petroleum Corp., Venezuela'sĀ state-owned PDVSA's U.S. refining subsidiary.
U.S. District Court Judge Leonard P. Stark sided with Creditor Crystallex when he ruled that seizing the assetsĀ could satisfy a Venezuelan government debt.Ā
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The Wall Street Journal reported Stark's opinion was sealed and a redacted version will be released.Ā
The U.S. State Department ordered the late Venezuelan president Hugo ChĆ”vez's cousin AsdrĆŗbal ChĆ”vez, who headed Citgo, to surrender his U.S. visa.Ā