June 7, 2017 / 5:32 PM / 2 months ago

Venezuela discusses $1 billion debt restructuring with Moscow: TASS

MOSCOW (Reuters) - Venezuela has been in talks with Russia about its $1 billion debt restructuring, TASS news agency quoted Venezuela's envoy to Moscow as saying on Wednesday.

Russia has slashed projected revenue by nearly $1 billion to reflect expectations that Venezuela may not make timely payments on bilateral loans, according to a document released by Russia's Audit Chamber on Tuesday.

Reporting by Vladimir Soldatkin, editing by Larry King

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