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 restructuring within the Paris Club of creditors on the one hand, and "on the other hand, carrying out direct bilateral contacts to work out a mechanism for restructuring the debt." The work is still in progress and is not complete, Siluanov specified.
"I am confident that we will find acceptable solutions with Venezuela," he noted.
Russia provided Caracas with a state loan of up to $4 billion in December 2011.