The Donald Trump administration is preparing a statement in favor of Argentina and against the transfer of 51% of YPF’s shares to hedge funds

How decades of conflicting administrations of the state-owned energy company resulted in Argentina being sentenced to pay US$16 billion

Judge Loretta Preska had rejected Argentina’s request to stay the turnover

Argentina has three more days to secure a stay from the Court of Appeals. Two weeks ago, judge Loretta Preska ordered the country to hand 51% of its shares to the plaintiffs

The country’s defense team argued that following Loretta Preska’s order would violate ‘fundamental principles of U.S. and international law’

President Lula warned that Brazil would reciprocate after Trump threatened to introduce 50% tariffs on the nation’s goods

The government is expected to strip the INTA and INTI of control over their own budgets via executive decree, paving the way for future cuts

The Argentine president will hold a bilateral meeting with the Indian prime minister in Casa Rosada on July 5

The government declared a nationwide ban on industries and CNG stations, as some households are suffering gas shortages