The U.S. Treasury is blocking for 90 days creditors from seizing shares in Venezuela’s U.S. subsidiary Citgo, temporarily shielding the prized Venezuelan asset in a win for Venezuela’s opposition and its leader Juan Guaidó. Venezuela’s state oil firm PDVSA must make a payment of US$913 million on a 2020 bond on Monday, October 28, but the bond is widely expected to go into default because the Venezuelan oil firm doesn’t have the money to make the payment. PDVSA, however, has used shares in its most prized foreign asset, Citgo , as collateral for the bond. The bonds are backed by 50.1 percent in the U.S.-based refiner, so should the bond default, bondholders may rush to claim shares of Citgo. Earlier this month, reports emerged that Venezuela’s opposition was getting ready to file a lawsuit in the United States seeking to prevent bond holders of PDVSA from going after shares […]