Don’t Mention It! Russia Pardons $1 Billion of Venezuela’s Debt for 2017
NOVANEWS
By KtovKurse
Fort Russ
Russia will not demand Venezuela repay its owed debt in the amount of $ 1 billion for 2017 alone, said the head of Russia’s Minister of Finance Anton Siluanov.
Thus, Moscow continues to support Caracas and the Maduro led government. At the same time, there is no coherent reason to demand a return of the money from Venezuela, due to the severe economic and social crisis in the country, accompanied by a currency deficit, would not allow it to be payed off.
“Venezuela turned to us for debt restructuring. The terms of this restructuring were discussed. We have worked out the conditions with the Ministry of Finance in general. If the Venezuelan side can quickly initial these agreements, there is every reason to agree and sign the terms of the restruc...