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Hola, Venezuela I

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Glass Half Full

Last in anticorruption means first in corruption.

AS/COA: The 2023 Capacity to Combat Corruption (CCC) Index

“Venezuela placed last in the Index’s ranking, marking the country’s fifth consecutive year with the lowest score in the region. After modest gains in 2022, Venezuela had setbacks in each of the three categories in 2023 that reflect renewed threats to press freedom and civil liberties from the government of Nicolás Maduro.”

Sort of good news on CITGO

Russian oil firm Rosneft last week turned over its 49.9% stake in another parent of Citgo, Venezuela’s attorneys told the court. However, the Citgo Holding shares have no bearing on the proposed auction.

Peeero: A U.S. judge on Monday signaled he was prepared to go ahead with selling Venezuela-owned oil refiner Citgo Petroleum’s assets to satisfy creditor claims while pushing back against one of Venezuela’s key objections. Reuters

Venezuela I Moves Forward

Situation in Venezuela: ICC Pre-Trial Chamber I authorizes the resumption of the investigation

“Today, 27 June 2023, Pre-Trial Chamber I of the International Criminal Court (the ‘ICC’ or ‘Court’) issued its decision authorising the ICC Prosecution to resume its investigation in the situation in the Bolivarian Republic of Venezuela I (the ‘Situation’ and ‘Venezuela’, respectively).”

“In relation to the factors the Chamber considered to be determinative to its conclusion, it found that it appears that Venezuela is not investigating the factual allegations underlying the contextual elements of crimes against humanity, and that the focus of the domestic investigations appears to generally be on direct and/or lower level perpetrators.”

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