UPDATED 14/07/2019* - 16/07/2019* | In the ever evolving game of chicken between PDVSA and U.S. sanctions regime, a new player emerges: Singapore's PROCERIUM ENERGY PTE. LTD.  (201732917R).

Check out the stuff below. Further, let's give it the benefit of the doubt. So an "unidentified buyer" buys "several hundred million" worth of otherwise useless debt. We are not told who traded / transacted this either. Almost simultaneously, Guaidó's debt people announced that all debt will be treated equally, that IMF will be asked for help, and funds, and that Venezuela will renegotiate the lot without regard to whether some creditors have favourable rulings. So let's venture a few guesses.

It's got be said: Donald Trump's administration's policy vis-a-vis Venezuela is a monumental failure. It epitomises the saying "empiezan con brío y terminan con escalofrío." By now it is clear that its intended original goal, of removing Nicolas Maduro, has not only failed its objective, but has rallied Russia, China, Cuba, Turkey, Canada, Lima Group and most countries in Europe into an overtly anti Trump's "all options are on the table", baseless stance on acceptable and achievable solutions for Venezuela.

Puzzling turn of events regarding Wilmer Ruperti: after years of legal battles against the Russians in different jurisdictions, freezing orders, settlements, etc., Ruperti is returning the favour, and suing Novoship. In the Commercial Court of the High Court of Justice (case no CL-2018-000824), Maroil and Sea Pioneer, two companies under Ruperti's control, are suing Novoship and a bunch of companies associated to it.