Desperate Venezuela defaults to Russia amid bond fire sale.

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  • Additional Information
    • Subject Terms:
      PETROLEOS de Venezuela SA
    • Subject Terms:
      GLENDON, Sarah
    • Abstract:
      The article reports that Venezuela and state oil and gas firm PDVSA has failed to loan payment to Russia that would affect the pricing of oil. Topics discussed include views of Sarah Glendon, head of EM research in the U.S., on the same; negotiation of the loan by Venezuelan representative Carlos Faría and deterioration of the government balance sheet.