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U.S. warns bondholders that negotiating with Venezuela may be illegal

Reuters  |  WASHINGTON 

By Lesley WroughtonWASHINGTON (Reuters) - The U.S. Treasury has warned bondholders that dealing with Venezuela's chief debt negotiators, both of whom are blacklisted by the United States, would be "problematic" and could lead to stiff penalties under U.S. sanctions.Last week, President Nicolas Maduro invited creditors to a Nov. 13 meeting in Caracas to kick off talks to discuss a restructuring of some $60 billion in Venezuelan bonds.Creditors have been balking at the proposal, citing concerns over the U.S. sanctions and the security situation in the city.Maduro charged Vice President Tareck ...

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First Published: Thu, November 09 2017. 04:41 IST