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A US judge ordered Argentina to relinquish its controlling stake in YPF, its state-run oil company, as partial compensation for a $16 billion court judgment. This ruling stems from the 2012 nationalization of YPF under former President Cristina Fernández de Kirchner. Current President Javier Milei, who opposes the previous administration's actions, plans to appeal the decision, arguing it harms national interests. The loss of YPF's controlling stake would severely impact Argentina's economy, particularly its Vaca Muerta shale gas development.

Prepared by Christopher Adams and reviewed by editorial team.