President Javier Milei confirmed that the government will appeal the recent U.S. court ruling ordering Argentina to hand over 51% of YPF's shares to the beneficiaries of the lawsuit over the oil company's expropriation in 2012.

In a post on the social media platform X, Milei stated:"Let all Argentines know that we will appeal this ruling in all appropriate instances to defend national interests." Furthermore, the president did not hesitate to point to the current governor of Buenos Aires, Axel Kicillof, as responsible for the situation, harshly criticizing his management as Minister of Economy during Cristina Fernández de Kirchner's administration.

“Regardless of the underlying issue, the country's situation in this situation is the direct responsibility of the useless Soviet regime of Axel Kicillof when he was Minister of Economy, during the second presidency of the doomed Cristina Kirchner,” Milei said, adding that, more than ten years after the expropriation, Argentines continue to suffer the consequences of what he called “the worst government in Argentine history.”

The appeal will be led by the teams of Treasury Attorney General Santiago Castro Videla and the Legal and Technical Secretariat, led by María Ibarzábal. Both officials were responsible for reading and analyzing the ruling since its publication. This ruling is part of the lawsuit that has already forced Argentina to pay more than USD 16 billion.

This announcement comes amid a drop in YPF shares on Wall Street, a direct consequence of the court ruling that affects the country's interests.

We just learned that Judge Preska ruled against the Argentine State in the case of the expropriation of YPF.

— Javier Milei (@JMilei) June 30, 2025