Venezuela to SEC: So long, suckas!

Now THIS is sovereignty with a vengeance

Venezuela’s state oil firm has said it will no longer disclose information to US financial regulators after paying off debts in the US.

PDVSA said it was no longer obliged to be regulated by the Securities and Exchange Commission (SEC) after buying up $83m in US-traded bonds.


PDVSA had been obliged to disclose financial information to the SEC because it held bonds which were traded on US markets.

With this no longer the case, the company said it would make its last disclosure to the watchdog in May, outlining its 2004 performance.

Currently, details of profits made by PDVSA through exports, refining and production are publicly available in the US.

Venezuela has sought to reduce its dependence on the US for oil exports, signing deals with other Latin American and Caribbean nations such as Jamaica and Cuba.

I don’t know how to say “Fuck you” in Spanish, but I’m glad someone else does.

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