Uruguay looks at having Venezuela settle $70 mn debt with oil

The government is working to settle a $70 million debt Venezuela owes to Uruguayan exporters via an exchange for oil, Foreign Minister Rodolfo Nin Novoa said Wednesday. "This pertains, basically, to dairy products and other products, such as chemicals and textiles," Nin Novoa said. "The government has an inter-ministerial commission working to find options to settle the debt through some compensation in our purchases of oil from Venezuela." The foreign minister spoke with reporters about the issue after attending a conference on Uruguay's global strategy at the Spanish Chamber of Commerce in Montevideo. More…