Venezuelan State will take legal actions against JPMorgan

The Venezuelan President, Nicolás Maduro, announced this Monday that Venezuela will take legal actions against US financial company JPMorgan for disseminating false information about the payment of PDVSA bonds corresponding to the years 2021, 2024 and 2035.
During the broadcast of the “La Hora de la Salsa” (The Salsa Hour) program, broadcast through Radio Miraflores and Radio Nacional de Venezuela (RNV), he reported that behind this action is the Department of the Treasury of the United States of America, which was propitiating a default or lack of payments by part of PDVSA in order to affect the economy of the country.
He clarified that Petróleos de Venezuela had transferred deposits to JPMorgan in a timely manner in the Citibank accounts, and this multinational financial services company had not called the bondholders to pay.
“JPMorgan stated that PDVSA had not paid and that it had entered default. And right there came the right wing to applaud and launch their rockets, but it’s a lie”, referred Maduro
The Head of State stressed that Venezuela is suffering a financial war, and therefore he announced that soon will begin to be strengthened the international finances, in order to avoid actions as these.
As part of the financial boycott denounced by Maduro, Citibank announced last July that in 30 days it would proceed to close the accounts to the Central Bank of Venezuela (BCV) and the Bank of Venezuela, which would put obstacles to the management of the nation’s transactions to pay its debts and international commitments.
However, PDVSA reported in September that the multinational company would continue as an agent for the payment of the bonds, just as it is established by the contractual relationship maintained by both corporations.