Support The Moscow Times!
Contribute today

Russia Expects Venezuela Will Struggle to Remunerate Moscow

By Reuters
Andres Martinez Casares / Reuters

Russia expects Venezuela will probably have problems servicing its sovereign debt to Moscow, Russia's Deputy Finance Minister Sergei Storchak said on Tuesday, after the United States imposed sanctions on Venezuela's state oil firm PDVSA.

Russia has been a long-standing ally of Venezuela and has acted as a lender of last resort for Caracas, with the government and Rosneft handing Venezuela at least $17 billion in loans and credit lines since 2006.

The Trump administration on Monday imposed sweeping sanctions on PDVSA, aimed at severely curbing the OPEC member's crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down.

"There will probably be problems. Everything now depends on the army, on the soldiers and how faithful they will be to their duty and oath. It is difficult, impossible to give a different assessment," Storchak told reporters.

Read more about: Latin America

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

supply and demand

Guatemala Seeks Refund from Russia Over Delayed Vaccine Doses – Reports

The Latin American country has only received 150,000 Sputnik V doses out of the 8 million it purchased.
team effort

Mexico to Test Russia’s Coronavirus Vaccine

Mexico's foreign minister said Russia's testing offer is “very good news because again we buy ourselves time.”
opinion Fyodor Krashennikov

After Bolivia, Don't Expect a Thaw in Russia

The swift collapse of the Evo Morales regime hands all the trump cards to adherents of harsh police tactics and tough responses.
Contested results

Russia Recognizes Bolivia’s Interim Leader as Violence Continues

“Russia will perceive Mrs. Añez as Bolivia’s leader, but only until the elections,” Russia’s Deputy Foreign Minister said.