Venezuela in Talks with China About Grace Period

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela continues to discuss matters with China regarding a grace period for the South American country to pay back loans to the Asian country, reported Reuters, citing three sources familiar with the discussions.

During the period Venezuela would pay back only the interest associated with the loans it receives, in exchange for crude shipments to China and not the principal on the loans.

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