Venezuela in continuous crisis. Trump just banned purchase of Venezuelan debt in new sanctions

For those not in the know, Venezuela is the “king of bond defaults”. The government has been in a constant economic mess. Their oil reigning days are over and with the new sanctions they’ll feel more heat. Every single things has literally been going wrong for them it’s a pity.

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www.ft.com/content/3202dad2-5d27-11e8-9334-2218e7146b04

and btw here’s the current price of their 2027 dollar debt.

h/t Living_Granger

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