Tag: Wilmar Castro Soteldo

Venezuela, in ‘selective default’, signs debt deal with Russia

by Andrea Palasciano with Maria Isabel Sanchez in Caracas Agence France-Presse MOSCOW, Russia (AFP) – Venezuela signed a debt restructuring deal with major creditor Russia on Wednesday, as ratings agencies declared Caracas in partial default. The country is seeking to restructure its foreign debts, estimated at around $150 billion, after it was hit hard by tumbling oil prices and American sanctions. A Venezuelan delegation led by Finance Minister Simon Zerpa signed the deal restructuring $3.15 billion of […]