Tolling Agreement Venezuela

Reaching an agreement now will allow for smoother restructuring in the future, Rodriguez said. « Any debt restructuring or government financing agreement is not valid in international courts » if it does not comply with New York law and the terms of the U.S. Office of Foreign Assets Control (OFAC). « This is a political issue, » he said. « It has to go through international tribunals, through OFAC, it`s a purely political matter, it goes through the agreements and negotiations that the (Venezuelan) central government gets with the U.S. government, » he said. . . .