The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Russia-Venezuela-crisis-economy-politics

Contributed by NAMPA / AFP.

Venezuela seeks breathing space from debt crisis in Moscow
Moscow, Nov 15, 2017 (AFP) - Venezuela is set on Wednesday to sign a debt restructuring deal with Russia, one of its main creditors and a strategic ally during a crisis that has seen Caracas declared in partial default.
The country is seeking to restructure its foreign debts, estimated at around $150 billion, after it was hit hard by tumbling petrol prices and American sanctions.
Moscow and Caracas have been negotiating for months ...

 

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