MONTEVIDEO – Uruguayan Foreign Minister Rodolfo Nin Novoa called on his Venezuelan counterpart, Jorge Arreaza, on Tuesday to find a way for Caracas to pay Uruguayan companies for purchases of goods.
The foreign ministers met in Montevideo and Nin Novoa took advantage of the opportunity to make his request to Arreaza, the Uruguayan Foreign Ministry said in a statement.
In July 2015, President Tabare Vazquez and his Venezuelan counterpart, Nicolas Maduro, signed an agreement covering the sale of 235,000 tons of food for $300 million.
The two leaders signed another agreement at the same time on the upfront repayment of debt owed by Uruguayan state oil company ANCAP to Venezuelan state-owned oil giant PDVSA for purchases of crude.
Venezuela, however, has not fully repaid the debt it incurred under the deal.
The foreign ministers also discussed the political situation in Venezuela and its repercussions for regional relations.