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VENEZUELA'S POLITICAL CRISIS

Venezuela makes debt payment to Russia, says finance minister

At the end of March, Venezuela, which is now experiencing a political and economic crisis, had to pay more than $ 100 million in debt to Russia

Russian Finance Minister Anton Siluanov Maxim Slutskiy/TASS

Russian Finance Minister Anton Siluanov

© Maxim Slutskiy/TASS

TYUMEN, April 19. / TASS/. Venezuela has made another payment towards clearing its debt with Russia, worth 3 billion, which was supposed to come through back in March, Russian Finance Minister Anton Siluanov told reporters on Friday.

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Venezuela has not yet transferred debt payment to Russia, says deputy minister

"Yes, Venezuela paid us within the grace period," Siluanov said.

At the end of March, Venezuela, which is now experiencing a political and economic crisis, had to pay more than $ 100 million in debt to the Russian Federation. The country could transfer the payment within the month without financial consequences.

In November 2017, Moscow and Caracas signed an intergovernmental protocol on restructuring Venezuela’s debt to Russia amounting to $3.15 bln, which stipulates full repayment within a ten-year period and minimal payments in first six years.

Deputy Minister Sergei Storchak said in January that the Finance Ministry does not rule out that Venezuela might face problems with servicing the state debt because of political crisis, adding though that there have been no overdue payments.

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Political crisis in Venezuela

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