Venezuela in 'selective default', signs debt deal with Russia
President Vladimir Putin
Moscow - Egypt Today
Venezuela signed a debt restructuring deal with major creditor Russia on Wednesday, a diplomatic source told AFP, as ratings agencies declared Caracas in partial default.
The country is seeking to restructure its foreign debts, estimated at around $150 billion, after it was hit hard by tumbling oil prices and American sanctions.
The source did not give details of the deal, which are set to be made public at a press conference at the Venezuelan embassy attended by the country's finance minister Simon Zerpa.
S&P Global Ratings meanwhile said it had placed Venezuela's state-owned oil company PDVSA in "selective default" after it failed to make its interest payments on some of its debt.
The ratings agency this week declared the country itself in selective default after it failed to make $200 million in payments on two global bond issues.
Fitch also downgraded PDVSA and cash-strapped Venezuela over delayed payments, but Caracas insisted it was in the process of paying up.
- Friday ,15 December GMT 11:12 2017 Russia ex-economy minister gets 8 years in penal colony over bribe
- Thursday ,28 September GMT 19:11 2017 Putin announces cancellation of more than $20 billion of African debt
GMT 11:12 2017 Friday ,15 December
Russia ex-economy minister gets 8 years in penal colony over bribeGMT 10:08 2017 Friday ,15 December
Russian ex-economy minister guilty of taking bribe: courtGMT 11:13 2017 Wednesday ,15 November
Venezuela signs debt restructuring deal with RussiaGMT 19:11 2017 Thursday ,28 September
Putin announces cancellation of more than $20 billion of African debtGMT 12:28 2017 Thursday ,21 September
Russia says taking control of failing lender B&NRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 12:24 2017 Tuesday ,03 October
Oil and Gas Industry is a Prime Target for Cyber Criminals
GMT 21:06 2017 Monday ,01 May
Will Smith at all-star Jazz Day in Cuba
GMT 06:25 2017 Monday ,27 November
Bali raises volcano alert to highest level
GMT 12:45 2018 Monday ,26 November
Israeli forces close entrance of village in Ramallah
GMT 08:13 2018 Sunday ,14 October
Egypt, World Bank sign $300mn infrastructure upgrade deal
GMT 12:14 2018 Monday ,08 October
HM King congratulates Ugandan President
GMT 20:59 2017 Monday ,20 February
Fresh ceasefire appears to hold for now in eastern Ukraine
GMT 13:49 2017 Thursday ,17 August
Alibaba posts 94% surge in quarterly profit
GMT 21:16 2017 Monday ,10 April
Health ministry official: No mysterious virus in Shoubra el Khima
GMT 08:47 2017 Saturday ,10 June
CDD responds to 236 various incidents
GMT 00:31 2015 Saturday ,16 May
Canada plans 30% CO2 emissions cut by 2030
GMT 03:31 2017 Wednesday ,22 February
‘Man-made’ climate change a major woman’s problem
GMT 10:42 2017 Thursday ,16 November
Algeria FM leaves Cairo following tripartite meetingGMT 10:34 2012 Monday ,30 January
Life\'s toughest examination fails to stop his graduation
GMT 11:08 2017 Tuesday ,03 October
Moscow, Riyadh willing to boost cooperation
GMT 08:40 2017 Thursday ,31 August
Bahrain Bourse daily trading performance
GMT 18:23 2017 Wednesday ,29 March
Ghazali's ALTARSHEEDGMT 08:26 2015 Friday ,09 January
Helicopters searching for Charlie Hebdo gunmen in wooded area in northern France's Picardy regionGMT 08:22 2012 Wednesday ,04 July
Berenice Marlohe in racy shoot
GMT 15:47 2012 Friday ,20 January
2012 Honda Civic
GMT 10:37 2012 Friday ,13 July
2013 Ford MustangGMT 13:17 2011 Monday ,17 October
Hip hop stars to take centrestage at Yas Island
GMT 12:51 2017 Tuesday ,26 December
British woman sentenced in Egypt to 3 years in jail for smuggling painkillersGMT 13:54 2012 Friday ,27 January
Rihanna to head Sky Living TV talent show for designers
GMT 12:19 2017 Thursday ,27 July
Libya asks Italy to combat human trafficking
GMT 19:04 2016 Saturday ,01 October
Powerful Hurricane Matthew barrels towards Jamaica, Haiti
GMT 13:11 2017 Wednesday ,04 October
Jacques Dubochet (Switzerland), Joachim Frank (US)
GMT 08:40 2017 Friday ,03 November
Venezuela seeking debt restructuring: President Maduro
GMT 12:26 2017 Thursday ,02 November
CAPRICORN (December22nd-January20th)
GMT 22:21 2017 Tuesday ,19 December
Haifa Wahby apologized for not receiving award
GMT 14:56 2017 Tuesday ,17 October
Palestinian cabinet decries Sinai terror attack
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor