By Jack Stubbs and Deisy Buitrago
MOSCOW/CARACAS (Reuters) – Venezuela won easier debt terms from Russia and got a vote of confidence from China on Wednesday, as the oil-rich country said it had starting making interest payments on bonds after a delay that had threatened to trigger a default.
A debt restructuring deal with Russia that allows Caracas to make “minimal” payments to Moscow in the next six years, together with a separate statement from the Chinese Foreign Ministry that Venezuela was capable of handing the debt issue “appropriately,” underlined the reserve of support its socialist government enjoys from both countries.
Venezuela has borrowed billions of dollars from Russia and China over the years,…
Read the full article at: https://au.news.yahoo.com/a/37887918/venezuela-wins-russia-and-china-backing-as-it-says-it-is-honoring-debt/
