Russian Government Drafts Terms to Restructure Venezuelan Debt
- Finance minister says agreement may be signed by year-end
- Caracas struggles with economic crisis tied to oil-price slide
Stacks of 100-bolivar notes.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Russia and Venezuela may sign an agreement on restructuring Venezuelan debt by the end of the year if terms drafted by their finance ministries are approved, said Russian Finance Minister Anton Siluanov.
“In general, we worked out with the finance ministry such conditions,” Siluanov told reporters in Washington, where he attended the International Monetary Fund fall meeting. “If the Venezuelan side initials these agreements quickly, there are reasons to agree by the end of this year and to sign restructuring terms.”