Repsol nationalize its oil and gas production. Results however show that the move to nationalize actually hurt oil production in Argentina. Compared to the oil production in 2011, YPF’s oil production in 2012 fell by 8%, according to data from Argentina’s Department of Energy. Repsol had the backing of the EU and the US, and both powers condemned Argentina’s move as expropriation. President Fernández claimed that the state would seize 51% of YPF. In June 2013, Repsol rejected a $5 billion proposal from Argentina to compensate for the 2012 expropriation. The proposal also would have given Repsol drilling rights to 6.4%
Cristina Fernández de Kirchner incoming one. Cristina Kirchner faced several charges in court after leaving office. One of those concerned the sale of dollar futures at very low prices near the end of her term of office. This became a problem during Macri's presidency. The operation was carried out by the Central Bank, but judge Claudio Bonadio believes Kirchner is the instigator. Kirchner is also being investigated for her role in "The Route of the K-Money" scandal. About US$1 million of her assets was frozen while Bonadio investigated the case. She took advantage of the hearing to organize her first political rally since leaving