In November 2017, Russia agreed to restructure Venezuelan sovereign debt of $3.15 billion, with repayments lasting 10 years.
Rosneft, Russia's biggest oil producer and one of the largest globally, operates in Venezuela and has also issued loans to state oil and gas company PDVSA, backed by oil supplies.
According to Rosneft, PDVSA paid $500 million debt during the third quarter of last year, with the outstanding obligations standing at $3.1 billion then.
RUSSIAN OIL COMPANIES
Rosneft, whose chief executive Igor Sechin is a frequent visitor to Venezuela, has stakes in a number of oil projects in the country. Total oil production from those projects was 8 million tons in 2017, or 161,000 barrels per day.
Rosneft's share in that oil production was 3 million tons, according to the last publicly available Rosneft documents.
The first credit line for gun purchases was signed in Moscow in 2006 by former President Hugo Chavez and Russian leader Vladimir Putin. Since then, similar agreements have allowed Venezuela to buy Kalashnikov rifles, Sukhoi planes, tanks, and other military equipment.