May 8, 2018 / 1:01 AM / a year ago

Canada's Rusoro seeks to seize Venezuela's Citgo assets: court filing

CARACAS (Reuters) - Canadian mining company Rusoro is seeking the attachment of assets belonging to Venezuela’s U.S.-based refiner Citgo as part of an arbitration dispute, according to a Monday filing in the Southern District of Texas.

In 2016, Rusoro was awarded more than $1.2 billion in damages when a World Bank tribunal ruled that Venezuela had unlawfully seized the company’s gold mine.

Reporting by Brian Ellsworth and Girish Gupta; Writing by Girish Gupta; Editing by Alexandra Ulmer and Sandra Maler

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