Politics Economy Local 2026-03-30T06:29:17+00:00

Kicillof: The Right Wing Would Never Have Nationalized YPF

Buenos Aires Province Governor Axel Kicillof commented on a U.S. court's decision that overturned Argentina's conviction for the 2012 expropriation of the oil company YPF. He stated that the right-wing opposition would never have nationalized the company, defending foreign interests, and that the decision was sovereign.


Kicillof: The Right Wing Would Never Have Nationalized YPF

Governor Axel Kicillof, after the ruling on YPF was made public, will hold a press conference in the Governorate's Conference Room to ratify that 'the right wing would never have nationalized' the oil company. This Monday, March 30, starting at 9:00 a.m., the provincial governor, who will be accompanied by Government Minister Carlos Bianco, will mainly address the ruling issued by the Second Circuit Court of Appeals in New York, which annulled the conviction against Argentina for the expropriation of YPF and reversed the first-instance ruling, which had obligated our country to pay more than 16,000 million dollars. In this regard, Kicillof stated that what had happened until these days was 'a narrative driven by the vultures' to criticize 'a sovereign decision and get richer,' at the same time that he celebrated the decision of the United States justice system and ratified the legality of the expropriation of the oil company, carried out in 2012 under the government of former President Cristina Kirchner. 'While President Javier Milei was talking about the 'Kicillof tax,' the same lawyers of the Argentine State, since the trial began, were defending in the courts the same arguments that we have always maintained. That 'tax' was never more than an operation: a chorus of voices that for years repeated the arguments of the vultures, establishing that the nationalization had been technically incorrect. Was it ignorance, naivety, or a self-interested lie? Today it is clear,' the governor stated days ago. Likewise, he emphasized that the decision made by Cristina Kirchner 'marks the course of the development model' that the country needs and is based on the defense of national interest, development, public-private articulation, direct investment in science and infrastructure, boosting the industry, and caring for natural resources. 'It was not about attacking me, but about questioning a sovereign decision and defending foreign interests. The right wing would never have nationalized it.'