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2025-09-18 21:50:13
[The US court made a major ruling, and Venezuela's oil debt crisis re-emerged] ⑴ The US court officially ruled that the issuance of Venezuela's national oil company PDVSA's defaulted bonds in 2020 was legal and valid. The ruling provides a legal basis for creditors to recover debts. ⑵ The total amount of bonds involved in the default this time is billions of US dollars. The result of the ruling may cause PDVSA to face larger-scale asset recovery and legal proceedings. ⑶ Court documents show that the ruling rejected PDVSA's claim that the bond issuance was invalid and determined that its original issuance procedure was in compliance with international financing standards. ⑷ This ruling may affect the debt restructuring negotiations between the Venezuelan government and other international creditors, and increase the risk of its overseas assets being frozen. ⑸ Market monitoring shows that the prices of some Venezuelan bonds fluctuated sharply after the ruling was announced, reflecting a significant divergence in investors' expectations for debt recovery.
