Venezuela urges creditors to restructure debt

Vice President Tareck El Aissami sought to reassure creditors and Venezuelans via television, saying Caracas had begun to pay out $1.2 million (1 million euros) to service debts of its state oil company PDVSA. The nation led by controversial President Nicolas Madura, which ran up massive debts before global oil prices slumped, is estimated to owe $120 billion despite sitting on massive oil reserves. More…