Petro Illegal under Local Law

Petro Illegal under Local Law

The lawmakers from Venezuela’s’ Asamblea Nacional has declared Petro is ‘unconstitutional’ and added that it is a risk to potential investors. The consortium has claimed that $735 million already raised through Petro is an ‘ongoing political crisis.’ Rafael Guzman, a representative of the economic and finance commission, has quoted, “PTR is another example of corruption.”

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