Florida firm sues Venezuela for $34 million over unpaid bonds


  • World
  • Wednesday, 19 Dec 2018

FILE PHOTO: Venezuela's President Nicolas Maduro speaks during a news conference at Miraflores Palace in Caracas, Venezuela December 12, 2018. REUTERS/Marco Bello/File Photo

CARACAS (Reuters) - A Florida firm has sued Venezuela for $34 million (26.85 million pounds) for defaulting on bonds that matured in 2018, according to a filing in a U.S. court on Tuesday, in what may be the first legal strike by a creditor since the OPEC nation broadly defaulted on its debt.

The government of President Nicolas Maduro stopped making payments on nearly all bonds issued by Venezuela and state oil company PDVSA this year and has accumulated some $8 billion in pending interest and principal.

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