Houston Chronicle: U.S. court sides with Venezuela’s opposition in battle over Citgo’s leadership

“It’s pretty solid law. The executive branch chooses who it recognized as the legitimate government and courts don’t enter into the realm of foreign policy,” said Russ Dallen, legal and financial analysts with Caracas Capital Markets, a New York-based research analysis firm focused on Venezuelan capital markets.

https://www.chron.com/business/energy/article/U-S-court-sides-with-Venezuela-s-opposition-in-14282603.php

Financial Times: Donald Trump slaps broad new sanctions on Venezuelan government

The executive order “makes Venezuela radioactive, anyone in contact with Venezuela radioactive, and anyone in contact with those people radioactive,” said Russ Dallen, head of investment bank Caracas Capital Markets.

https://www.ft.com/content/eaec1558-b7ef-11e9-96bd-8e884d3ea203

Wall Street Journal: Venezuela Embargo Puts Citgo Bond Payment at Risk

The Treasury Department could still issue a license that would open up Citgo to seizure once again, said Russ Dallen, head of investment bank Caracas Capital Markets.

https://www.wsj.com/articles/venezuela-embargo-puts-citgo-bond-payment-at-risk-11565130931

El Nuevo Herald: El ‘bloqueo total’ de Trump apunta a los ‘boliburgueses’ de Maduro, Rosneft y PetroChina

“Lo que están buscando es poder ir contra China, Turquía o Cuba, o cualquier otra nación que ayude a Venezuela a hacer operaciones comerciales. Si estás comprando su petróleo, pasas ahora a estar en la lista de los más buscados”, advirtió Russ Dallen, presidente de la firma Caracas Capital Markets, con sede en Miami.

***

“Toda persona vinculada con Maduro se convierte ahora en radioactiva. Y cualquier cosa que ellos toquen pasa a ser radioactivo”, agregó Dallen.

Incluso aquellas personas que no realizan negocios directamente con el régimen, pero sí con quienes lo hacen. Este segundo grupo de personas entra en la zona de riesgo, agregó.

El decreto lleva las sanciones a un terreno extraterritorial, extendiendo la prohibición de hacer negocios con el régimen fuera de Estados Unidos. De manera que si una empresa extranjera, ya sea Rosneft o Petrochina, tiene una cuenta bancaria en Estados Unidos, esos activos hoy pueden ser confiscados. “Esto ya no solo afecta a los estadounidenses”, enfatizó Dallen.

https://www.elnuevoherald.com/noticias/mundo/america-latina/venezuela-es/article233569077.html

Experten befürchten neue Fluchtbewegung

„Was sie versuchen, ist, gegen China, die Türkei oder Kuba oder jede andere Nation vorzugehen, die Venezuela helfen, Geschäfte abzuwickeln“, sagte Wirtschaftsexperte Russ Dallen von Caracas Capital Markets in Miami der Tageszeitung „El nuevo Heraldo.“

https://www.welt.de/politik/ausland/article198124619/Venezuela-Experten-befuerchten-neue-Fluchtbewegung.html

VS bevriest bezittingen van Venezuela

Het nieuwe decreet van de VS is voor een belangrijk deel een middel om juist de bondgenoten van Maduro te straffen, licht Russ Dallen toe, hoofd van de Amerikaanse tak van bemiddelaar Caracas Capital Markets. Tegen persbureau AP zei hij: “Als deze landen handel met Maduro blijven voeren, riskeren zij dat de VS hun bezittingen confisqueert.”

https://www.parool.nl/wereld/vs-bevriest-bezittingen-van-venezuela~b55727c3/?referer=https%3A%2F%2Fwww.google.com%2F

El Universal: Corte dio prórroga en caso Citgo para mostrar alegatos

Según la declaración del director de la firma Caracas Capital, Russ Dallen, el lapso para apelar se extenderá hasta el próximo 26 de septiembre.

http://www.eluniversal.com/economia/47122/corte-dio-prorroga-en-caso-citgo-para-mostrar-alegatos

Bocaranda: Conceden 45 días de prórroga a Pdvsa para apelar decisión que favorece a Crystallex

El director gerente de la firma Caracas Capital, Russ Dallen, habría informado que la Corte de Apelaciones del Tercer Circuito de Estados Unidos concedió 45 días de prórroga a Pdvsa para llenar la apelación por caso Crystallex.

Bloomberg: Chevron Is Playing a Long Game in Venezuela’s Oil Fields

The Orinoco projects were the most expensive to set up in Venezuela because they include industrial plants known as upgraders that convert sludgy oil into a product foreign refiners can process. Those cost $3.8 billion at PetroPiar. Chevron was investing about $700 million a year in the country even after Chávez’s nationalization, Moshiri said in 2014. It “built those upgraders in the middle of the jungle,” says Russ Dallen, managing partner at brokerage Caracas Capital Markets. “How do you explain walking away from that?”

***

This news may be bad for the future of Venezuela’s public finances, but it puts Chevron in a privileged position. Although many rivals may avoid Venezuela because of its difficult operating environment and low-quality crude, Chevron already has more than $1 billion worth of complex infrastructure in place to deal with both. “The ideal outcome is to still have the property when the regime ends,” says Dallen of Caracas Capital Markets. “I think their goal is to outlast Maduro.”

https://www.bloomberg.com/news/articles/2019-07-09/chevron-is-playing-a-long-game-in-venezuela-s-oil-fields

Chevron está jugando un “juego largo” en campos petroleros de Venezuela

“Construyó a esos mejoradores en medio de la jungla”, dice Russ Dallen, socio gerente de la corredora Caracas Capital Markets. “¿Cómo explicas alejarte de eso?”


***

“El resultado ideal es tener la propiedad aún cuando finalice el régimen”, dice Dallen, de Caracas Capital Markets. “Creo que su objetivo es superar a Maduro”.

https://www.globovision.com/article/chevron-esta-jugando-un-juego-largo-en-campos-petroleros-de-venezuela

https://www.venepress.com/economia/Chevron-hace-presion-aEEUU-para-alargaroperaciones-1562700910701

Chevron está jogando um longo jogo nos campos petrolíferos da Venezuela

Os projetos do Orinoco foram os mais caros de se instalar na Venezuela, porque incluem plantas industriais conhecidas como upgraders que convertem o óleo de lama em um produto que as refinarias estrangeiras podem processar. Aqueles custam US $ 3,8 bilhões na PetroPiar. A Chevron estava investindo cerca de US $ 700 milhões por ano no país, mesmo após a nacionalização de Chávez, disse Moshiri em 2014. “Construiu esses revendedores no meio da selva”, diz Russ Dallen, sócio-gerente da corretora Caracas Capital Markets. “Como você explica se afastar disso?”

***

Esta notícia pode ser ruim para o futuro das finanças públicas da Venezuela, mas coloca a Chevron em uma posição privilegiada. Embora muitos rivais possam evitar a Venezuela por causa de seu ambiente operacional difícil e do petróleo de baixa qualidade, a Chevron já possui mais de US $ 1 bilhão em infraestrutura complexa para lidar com ambos. “O resultado ideal é ter a propriedade quando o regime acabar”, diz Dallen, da Caracas Capital Markets. “Eu acho que seu objetivo é superar Maduro.”

Gartman: Caracas Capital on Weatherford

Our report discussing oil service company Weatherford, which entered bankruptcy protection with help from Venezuela’s unpaid bills, caught the attention of legendary investor Dennis Gartman who reads our reports and cited our work (and Russ “who knows more about the ins-and-outs of Venezuela’s capital markets than anyone we’ve come across ever”) in his daily Gartman Letter.

US sanctions Cuban firm to weaken Maduro’s hold in Venezuela

“If you help Cuba suck oil out of poor, starving Venezuela, you will be punished,” said Russ Dallen, a Miami-based partner at brokerage Caracas Capital Markets. “But if you promise to go and sin no more, you can get off the devastatingly powerful US sanctions list.”

https://www.washingtonpost.com/business/us-sanctions-cuban-firm-to-weaken-maduros-hold-in-venezuela/2019/07/03/24caf718-9daf-11e9-83e3-45fded8e8d2e_story.html?utm_term=.a3346d6d3b1e

https://www.miamiherald.com/news/business/article232245782.html

Univision: EEUU impone sanciones a una empresa estatal cubana para debilitar a Maduro

“Si ayuda a Cuba a extraer petróleo de la pobre y hambrienta Venezuela, será castigado”, dijo Russ Dallen, de la empresa financiera Caracas Capital Markets, ubicada en Miami. “Pero si prometes ir y no pecar más, puedes salir de la devastadora y poderosa lista de sanciones de Estados Unidos”.

https://www.univision.com/noticias/estados-unidos/eeuu-impone-sanciones-a-una-empresa-estatal-cubana-para-debilitar-a-maduro

i24 TV News: Russ Dallen on Venezuela Crisis & Migrant Flow

Caracas Capital’s @RussDallen with i24’s Eric Landskroner on the Venezuela Crisis & the millions of Venezuelans flooding out of the country.

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