In a televised address on Thursday, Mr
Maduro said state oil company PDVSA would make one more $1.1bn debt payment on
a bond due in 2017 and then restructure its remaining obligations with
banks and investors. “I decree a refinancing and restructuring of external debt
and all Venezuelan payments,” Mr Maduro said, stressing that Venezuela had
always honoured its obligations, had the funds to continue doing so, but was
being hindered by US financial sanctions. More…
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