Posted on 12/18/2017 2:06:25 PM PST by GoldenState_Rose
Russia just gave Venezuela a big break on debt payments. It's the latest sign that the two nations are deepening ties as the Trump administration cracks down on Venezuela.
The Kremlin announced that it had agreed to restructure $3.15 billion of debt payments that Venezuela owes Moscow. Russia's finance ministry is spreading the payments out over the next 10 years with "minimal" payments in the first six.
It's unclear if that's the total amount Venezuela owes Russia. One analysis published by Harvard Law Roundtable from September put the total sum at over $9 billion, but government officials haven't clarified what the total is.
The debt relief couldn't come at a better time for Venezuelan President Nicolas Maduro. American ratings agencies, such as S&P Global, declared Venezuela and its state-run oil company, PDVSA, in default this week.
(Excerpt) Read more at money.cnn.com ...
http://money.cnn.com/2017/11/15/news/economy/russia-venezuela-finance/index.html
Oops forgot to include link.
oldtime soviet stuff at play here.
Rearranging the deck chairs on the Titanic as she’s going down.
fake news
“Harvard Law Roundtable”
Commie Central
They can’t pay anyway.
The new Puerto Rico
A fool and his money.
I see it as us trying to incentivize the replacement of the autocratic socialist government, while Russia is trying to prop it up.
Russia had no choice. Venezuela is a deadbeat communist turd-hole.
Oil
Black Gold
Texas Tea
“oldtime soviet stuff at play here.”
Is it? They owe the Russians $3B+ - restructuring means they might get paid back.
I get that Russia is run by thugs - but so are a bunch of other countries... This anti Russian spin twists reality - fake news style.
Y’all come back now y’hear?
I wonder what the code name is for the US invasion of Venezuela?
Oh, Vladdie. You ain’t never getting that money back.
Sweet. Let Putin drain Russia’s sovereign wealth fund for this. :) Good money after bad.
Yes paul Russia is run by two-faced kleptocratic thugs (like Vladdy Poots. Who pretends to be everybody’s friend) - hell bent on violating US interests all while stashing their accounts and investments here and in Europe.
Why post this now?
So in addition to Putin, here are some other rogues who supported Venezuela
— Fidelity Investments: $572 million
— T. Rowe Price: $370 million
— BlackRock iShares: $222 million
— Goldman Sachs $187 million
— Invesco Powershares: $113 million
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