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Russia and Venezuela hope to sign the restructuring of debt tomorrow in Moscow

Russia and Venezuela expect to sign tomorrow in Moscow the agreement for the restructuring of the Venezuelan debt with Moscow, after the international risk rating agency Standard Poors (S P) will declare the sovereign debt of Caracas in a state of "default" (default).

Moscow, Nov 14 (EFE) .- Russia and Venezuela expect to sign tomorrow in Moscow the agreement for the restructuring of the Venezuelan debt with Moscow, after the rating agency of international risks Standard Poors (S P) will declare the sovereign debt of Caracas in a state of "default" (default).

Russian government sources assume that the signing will be tomorrow, every time that both the president of Venezuela, Nicolás Maduro, and the Russian finance minister, Antón Siluánov, have already announced that the agreement is closed.

Maduro confirmed on Sunday restructuring of 3,000 million dollars of debt with Russia, while Siluánov assured shortly before that Caracas has accepted all the refinancing conditions offered by Moscow.

The Venezuelan embassy in Russia has called a press conference for tomorrow in Moscow in which "two senior officials of the Venezuelan government appointed by Nicolás Maduro" will offer to reporters all the details of the restructuring agreement, as announced.

Siluánov said recently that Russia will impose conditions on its main Latin American partner very advantageous payment, especially in the first tranche, given the economic difficulties that Venezuela is going through.

At the end of 2011, Russia granted Venezuela a loan amounting to 4,000 million dollars for the purchase of weapons, which Caracas returned without delay until March 2016, when the delays began.

According to estimates of the Finance Committee of the Venezuelan Parliament, the country has a total debt close to 150,000 million dollars, which generates an annual payment close to 10 billion dollars, "not including what is cancels China and Russia "by several agreements.

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