Venezuela asks to restructure Russian debt

Venezuela has asked Moscow to restructure the country’s debt, Russia’s finance minister has said, in a sign of the country’s deepening financial distress. Russia has become a critical lender to the crisis-wracked country, through state loans and financial assistance by state oil producer Rosneft to Venezuela’s PdVSA. “There was a request from our colleagues in Venezuela to carry out a restructuring,” said Anton Siluanov. “There are difficulties in fulfilling the debt.” More…