What is the estimated total liability of Venezuela including accrued interest and arbitration awards, according to analysts?

According to analysts cited in the news, while Venezuela and PDVSA have about $60 billion of bonds in default, total liabilities—including accrued interest, other claims, and arbitration awards—could top $150 billion.

What are the four principles guiding Venezuela's debt restructuring, as stated by the government?

Venezuela says the restructuring would be grounded in four principles: sustainability, comprehensiveness, good faith and transparency, and celerity (speed).

Venezuela Launches Comprehensive Debt Restructuring Amidst PDVSA Hurdles

May 15, 2026

Venezuela has initiated a major sovereign debt restructuring process involving its state oil company PDVSA, targeting $60 billion in defaulted bonds while facing significant legal and financial obstacles.

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