ALBA TCP rejects US claim to strip Venezuela of its CITGO company

CARACAS, Jan. 11 (Xinhua) — The Bolivarian Alliance for the Peoples of the Americas and the People's Trade Agreement (ALBA-TCP) vehemently opposed a U.S. judicial agency's decision to separate Venezuela from its oil company CITGO. based in Houston, Texas.

In a statement dated yesterday in Caracas and broadcast today by Venezuelan state media, the ALBA-TCP states condemned “immoral and illegal actions by the US government aimed at ridding Venezuela of the Venezuelan company CITGO Petroleum Corporation.”

The alliance considered that the White House's actions were carried out on the basis of unilateral coercive measures by the United States government that “violate the fundamental principles of the Charter of the United Nations and international law.”

He added that Washington's systematic actions “attack the people and government of Venezuela.”

The nations of the regional integration platform also believed that these actions “attack the sovereignty of Venezuela,” one of its founding countries.

“The ALBA-TCP reiterates the call to the international community to demand the immediate lifting of unilateral coercive measures and supports the measures taken by the Venezuelan Government within the framework of the law to prevent the expropriation of its assets,” concludes the official text .

The ALBA-TCP includes Cuba, Antigua and Barbuda, Dominica, Grenada, Nicaragua, St. Kitts and Nevis, St. Vincent and the Grenadines, Bolivia and Venezuela.