Venezuelan Vice Presidency for the Economic Sector Announces the Restructuring of Sovereign and PDVSA Debt

On May 13, 2026, the Venezuelan Vice Presidency for the Economic Sector announced the commencement of the process to restructure the sovereign debt of the Republic of Venezuela and Petróleos de Venezuela, S.A. (PDVSA).

According to the official statement, this decision aims to align the national economy with the interests of the Venezuelan people and alleviate the country’s future debt burden.

Our legal team is closely monitoring these developments and their potential legal and financial implications.