Fertilizer Plant Set to Lose License as Trump Squeezes Venezuela
One of Venezuela's most valuable overseas assets is set to lose its license to operate in Colombia as part of a US attack on the finances of the Nicolas Maduro regime.
As a Venezuelan state-owned asset, fertilizer plant Monómeros Colombo Venezolanos was subject to US sanctions after 2019. Shortly after, the US Treasury issued a license allowing it to trade its products, and engage in financial transactions, including subsidiaries engaged in port services.
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