A U.S. judge has held Argentina in contempt of court over its refusal to pay U.S. hedge funds that are seeking to profit off the country’s debts. Argentina has moved to repay its debts domestically in order to avoid the judge’s ruling, which barred them from repaying any creditors without also paying the so-called vulture funds. Argentine Foreign Minister Héctor Timerman condemned the judge’s latest move.

Héctor Timerman: “This new attempt of judicial aggression against Argentina is an act of desperation on behalf of the vulture funds; they know that the impunity of their actions at the international level has its days numbered.”