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PDVSA Seeks Impossibility Defense For $55M In Unpaid Notes

By Caleb Symons (July 17, 2023, 6:55 PM EDT) -- Venezuela's state-owned oil company says it can't be forced to fulfill more than $55 million in notes it issued 12 years ago, telling a Manhattan federal judge Friday that it hasn't been able to cover those obligations since November 2017 because no bank will accept its payments....

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