Lorenzino Says Argentina Won’t React to Any Spain Biofuels Ban

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Argentina’s Economy Minister Hernan Lorenzino said Spain has the right to respond to the nationalization of oil producer YPF SA as it sees fit and the government has no plans to respond to a possible import ban on Argentina biofuels.

“We’re not going to respond to the action of a sovereign country,” Lorenzino told reporters in Washington. “They have every right to take the actions they consider adequate.”