Venezuela makes Russian debt repayment in rubles to bypass US sanctions

Reuters Maduro

Caracas has transferred to Moscow its latest scheduled debt repayment using the ruble, according to Russian Deputy Finance Minister Sergey Storchak.

Russia offers all its debtors the opportunity to make payments in rubles, the official told Russian business outlet RBC on Tuesday. It was earlier reported that Venezuela transferred a payment on a $3.15 billion loan from Moscow, but the currency and amount paid were not disclosed.

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