The Government celebrated the ruling by YPF

Minutes after the ruling of the Court of Appeals was announced that annulled the decision of Loretta Preska, a New York judge, the Casa Rosada celebrated the ruling that It will prevent Argentina from paying about US$18 billion (US$16.1 billion plus interest) for the expropriation of the oil company in 2012.

“The Chamber has just completely revoked the sentence against Argentina: the best possible scenario (and with less than 15% probability of occurrence),” the head of state wrote in a post on X.

“This implies that Argentina should not pay any of the approximately today US$18 billion (a little more than the IMF loan was in 2024). It is historic, unthinkable, greatest legal achievement of national history,” Milei posted.

The Minister of Economy Luis Caputo He continued later and took the opportunity to remember that he rejected agreements to close the conflict. “Countless lobbyists came to seek a settlement (agreement) and we never accommodated them“, he assured. “Tremendous work by the legal team,” concluded the head of the Treasury Palace.

Official sources considered, on the other hand, that “this clears up all doubts for YPF’s development projects.”

The Office of the President of the Nation said in a statement that “this is an unprecedented legal historical milestone in national history, which directly protects the resources of all Argentines and reaffirms the solidity of the legal strategy adopted.”

Presidency recognized both the team of legal advisors and the chancellor Pablo Quirnoa Luis Caputo and the Argentine ambassador in Washington Alejandro Oxenford.

He considered them “key pieces in obtaining this ruling that clears doubts and uncertainties that weighed on the future of YPF, strengthening the framework of predictability necessary for the development of strategic projects and the consolidation of the Argentine energy sector.

“The populist and interventionist decisions adopted during the Kirchner government, with the direct participation of the current governor Axel Kicillofexposed the country to a judicial contingency of extraordinary magnitude, compromising public resources, affecting Argentina’s credibility at the international level,” the Presidency continued in its statement.

NE”This Government, on the other hand, has assumed the responsibility of ordering, defending and safeguarding national interests, facing the consequences of that management with seriousness and concrete results,” he continued. “Argentina avoids one of the largest potential expenditures in its history, thanks to professional, strategic actions aligned with the public interest,” they concluded.