CARACAS, September 14 (Hfrance.fr) - The request of Venezuelan President Nicolas Maduro to control the Colombian fertilizer producer Monomeros still has a ballpaid the company's finances and contributed to a Colombian regulator 's intervention last week, said Carmen Elisa Hernandez, who resigned Sunday as chairman of the board of directors of the company.
She told Hfrance.fr that Maduro's demand alarmed suppliers of raw materials to the company and caused them to stop selling to Monomeros on generous credit terms , complicating the finances of the Venezuelan state-owned company, which were already compromised by difficulties in accessing credit from Colombian banks.
The The resulting liquidity crunch contributed to the decision last week by the Superintendencia de Sociedades to oversee the operations of the company, a major supplier to agriculCo lombia, one of the world's largest coffee exporters, said Hernandez.
Venezuela 's Ministry of Information did not immediately respond to a request for comment.
The board of directors of the Colombian company was appointed by Juan Guaido, leader of the Venezuelan opposition since 2019, when Colombia, the United States and dozens of others recognized him as the legitimate leader of Venezuela, calling Maduro a dictator who rigged his 2018 re-election.
Maduro, claiming that the election was fair, remains in office despite US sanctions and diplomatic pressure as international mediators facilitate negotiations to end the political crisis.
Maduro said he would use negotiations to demand that Monomeros and the American refiner Citgo Petroleum Corp (PDVSAC.UL), also controlled by the opposition, be brought under the control of his government.
Hernandez said that while such a scenario was unlikely, the prospect of dealing with a cash-strapped Maduro government-controlled company has leads suppliers to ask for upfront payments for raw materials like urea and phosphates.
"This has created a problem in the market in terms distrust and reduced risk appetite "she said in an interview Monday evening.
La Superintendencia de Sociedades declined to comment, referring to her September 6 statement which said her intervention was the most she could do to resolve a critical situation regarding legal issues.idical, accounting, economic or administrative.
Monomeros did not immediately respond to a request for comment. In a September 7 statement, Monomeros asked the regulator to revoke the intervention measure, arguing that the decision was based on "outdated information ".
Hernandez said she resigned in part because she did not agree with this position, arguing instead that the regulator's intervention served as a useful signal to suppliers that the Colombian government - a staunch opponent of Maduro - would not allow Monomeros to fall into Maduro's hands.
" The control resolution meant the protection of the Colombian government, which was in full solidarity with President Guaido interim government, "Hernandez said.
Asked about the concernspations of suppliers and the intervention of the Colombian regulator, Guaido dismissed the Maduro government. calls for control of Monomeros as "propaganda" and said the board of directors of the company should be restructured following the departure of Hernandez. Its replacement has not yet been named.
"Monomeros is and will be Venezuelan property, but it should be under administration because we " ll " , Guaido told reporters. Reporting by Luc Cohen in New York and Brian Ellsworth in Caracas; Additional reporting by Julia Symmes Cobb in Bogota; Editing by Howard Goller
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