Contents tagged with Maduro

  • Russia prepares to kiss goodbye to multi-billion investments in Venezuela

    The US sanctions on PDVSA, the Venezuelan state-owned oil company, threaten to affect the Maduro government’s ability to repay its debts to Russia, Russian Deputy Finance Minister Sergey Storchak said on Tuesday. 

    According to Storchak, Venezuela has borrowed more than $3 billion from Russia in intergovernmental loans. 

    The debt had to be restructured in November 2017, when the repayment schedule became impossible for Nicolás Maduro, whose 6 year rule has seen the Venezuelan economy shrink by …

  • Russia: US sanctions on Venezuelan state oil company illegal

    Moscow has said that the sanctions imposed by Washington on PDVSA, the Venezuelan state-owned oil company, in an attempt to undermine Nicolas Maduro’s power, are illegal. 

    “The legitimate leadership of Venezuela has already described these sanctions as illegal. One can fully get behind this perspective,” Kremlin spokesperson Dmitry Peskov told reporters. 

    The US Treasury Department said that the measures against the Venezuelan state-owned oil company were adopted in order to “change the …

  • Venezuelan Ambassador to Russia promises safety of Russian investments

    All investments of Russian companies in projects in Venezuela are totally safe, the Ambassador of Venezuela to Russia, Carlos Rafael Faria Tortosa stated in an interview with the newspaper Izvestia. 

    “I can say with full confidence that investments are totally safe,” the diplomat said. According to him, authorities “are in control of all processes” and the situation in the streets is calm. “They [ the projects] will also be protected by the Venezuelan Armed Forces, if necessary,” Tortosa added. …

  • Kremlin denies sending Russian military to protect Maduro

    The Russian Press Secretary for the President Dmitry Peskov stated on the “Moscow. Kremlin. Putin” television program that Russians were not sent to Venezuela to protect the country’s president, Nicolas Maduro.

    He responded, “of course not,” to the corresponding question from a journalist, as quoted by Interfax quote.

    When the host of the program reminded that media is reporting more than 400 militants in Russia, sent to protect Maduro, Peskov said: “fear has a vivid imagination.”

    Earlier, …

  • Russian media reveals sources of the reports about Russian mercenaries in Venezuela

    Yevgeny Shabaev, a Cossack leader who chairs the All-Russian Officer’s Assembly, revealed the sources of the reports that Russian mercenaries have been sent to protect Venezuelan President Nicolás Maduro during the political crisis in the country.

    Shabaev told RBC that on 21 January he received a request for assistance from a fighter in one of the Russian private military companies (PMCs). “One of the boys who is involved in the protection of the elite persons in the current structures of the …

  • Venezuelan ambassador to Russia: Caracas is ready to accept Moscow’s mediation

    The ambassador of Venezuela to the Russian Federation, Carlos Rafael Faria Tortosa stated that Venezuela is ready to accept Russia’s mediation in order to establish a dialogue between the government and the opposition.

    “We heard the statement made by Russia, we also heard the offer from the Russian side to serve, if necessary, as a mediator in the dialogue between the government of the Bolivarian Republic of Venezuela and the opposition,” he stated.

    Faria Tortosa reminded that earlier …

  • Russia eases Venezuela’s debt repayments

    Russia has agreed to restructure the loans it has issued to the Venezuelan government over the last few years, and has proposed a plan to revive the economy to Nicolás Maduro, Russian Deputy Finance Minister Sergei Storchak told RIA Novosti on the sidelines of the Gaidar Forum on Tuesday.

    According to Storchak, Venezuela’s repayments schedule has been changed, since it had become impossible for Maduro’s government due to the economic degradation, food shortage, and the collapse of oil …

  • Venezuelan President Maduro says Russia may defer Venezuela’s debt repayment

    President of Venezuela, Nicolas Maduro, taking part in Russian Energy Week 2017 in Moscow, discussed the possibility of another restructuring of his country's debt to Russia, as reported by RBC news agency.

    "Any financial obligations to any bank or state can be restructured. We discussed this issue with our Minister of Economy and Finance. We have no difficulties, and are fulfilling our obligations to Russia. Any restructuring is likely to be the result of the governments’ agreements, so there …

  • Venezuela asked Russia to help restructure its debt

    Caracas has appealed to Moscow with a request to restructure Venezuela's debt. This was announced by Russian Minister of Finance Anton Siluanov, reports RBC news agency.

    According to Siluanov, Venezuela "is having difficulties with the fulfillment of the debt." "There was an appeal from [our] colleagues in Venezuela to carry out such a restructuring," Siluanov said at the Moscow Financial Forum.

    According to the minister, the Ministry of Finance Ministry is carrying out this work on …

  • Venezuela’s President Maduro to visit Russia

    The President of Venezuela, Nicolas Maduro has planned a trip to Russia. "I am going to visit Russia soon. We will strengthen bilateral relations," Maduro said at a press conference in Caracas, RIA Novosti reports.

    According to the Venezuelan leader, his country intends to strengthen ties with Russia in the military-technical sphere.

    Earlier, Maduro said that the United States violated international law. "The administration of U.S. President Donald Trump threatens us with military …