Venezuela/Russia debt deal quite flexible and favourable for Caracas

Venezuelan deputy economy minister with a brief statement 15 NovVenezuelan debt default has been another running theme of late and adding to risk-averse sentiment.
This morning they signed a deal with Russia to restructure around USD 3bln of debt that had already been agreed.
Russia says  venezuela have not requested any further help.
On Monday they missed interest payments due on two gvt bonds and one issued by state-owned oil monopoly PdVSA. Amount owed is $280m which was not forthcoming after 30-day grace period.

Fragile times in this world of ours eh? Article Source

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