Contents tagged with Maduro

  • Russia eases Venezuela’s debt repayments

    Russia has agreed to restructure the loans it has issued to the Venezuelan government over the last few years, and has proposed a plan to revive the economy to Nicolás Maduro, Russian Deputy Finance Minister Sergei Storchak told RIA Novosti on the sidelines of the Gaidar Forum on Tuesday.

    According to Storchak, Venezuela’s repayments schedule has been changed, since it had become impossible for Maduro’s government due to the economic degradation, food shortage, and the collapse of oil …

  • Venezuelan President Maduro says Russia may defer Venezuela’s debt repayment

    President of Venezuela, Nicolas Maduro, taking part in Russian Energy Week 2017 in Moscow, discussed the possibility of another restructuring of his country's debt to Russia, as reported by RBC news agency.

    "Any financial obligations to any bank or state can be restructured. We discussed this issue with our Minister of Economy and Finance. We have no difficulties, and are fulfilling our obligations to Russia. Any restructuring is likely to be the result of the governments’ agreements, so there …

  • Venezuela asked Russia to help restructure its debt

    Caracas has appealed to Moscow with a request to restructure Venezuela's debt. This was announced by Russian Minister of Finance Anton Siluanov, reports RBC news agency.

    According to Siluanov, Venezuela "is having difficulties with the fulfillment of the debt." "There was an appeal from [our] colleagues in Venezuela to carry out such a restructuring," Siluanov said at the Moscow Financial Forum.

    According to the minister, the Ministry of Finance Ministry is carrying out this work on …

  • Venezuela’s President Maduro to visit Russia

    The President of Venezuela, Nicolas Maduro has planned a trip to Russia. "I am going to visit Russia soon. We will strengthen bilateral relations," Maduro said at a press conference in Caracas, RIA Novosti reports.

    According to the Venezuelan leader, his country intends to strengthen ties with Russia in the military-technical sphere.

    Earlier, Maduro said that the United States violated international law. "The administration of U.S. President Donald Trump threatens us with military …

  • Russia’s oil giant Rosneft provides $6 billion loan to Venezuela

    Rosneft's advance payments under contracts with the Venezuelan state-owned oil company PDVSA is approximately $6 billion in total; full repayment is expected before the end of 2019, as stated during a conference call on August 8th by Alexander Krastilevsky, Vice President and Advisor to the President of Rosneft and Director of the Department for Planning, Performance Management, Development, and Investments in Refining, Commerce, and Logistics. He specified that $5.7 billion is the principal …