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PDVSA, other firms' debts, not included in Moscow-Caracas debt deal - minister
November 15, 2017 / 1:00 PM / 5 days ago

PDVSA, other firms' debts, not included in Moscow-Caracas debt deal - minister

MOSCOW, Nov 15 (Reuters) - Funds borrowed from Russia by Venezuelan firms, including oil producer PDVSA, are not part of a debt restructuring deal agreed between Moscow and Caracas on Wednesday, Venezuelan Economy and Finance Minister Simon Zerpa told reporters.

Under the terms of the Russo-Venezuelan debt deal, Caracas will pay Moscow back $3.15 billion over a 10-year period.

Those terms are quite flexible and favourable for Caracas, Venezuelan Vice President for Economics Wilmar Castro Soteldo said. (Reporting by Polina Nikolskaya and Jack Stubbs; Writing by Denis Pinchuk; Editing by Andrew Osborn)

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