Russ Dallen, a broker at Miami-based Caracas Capital Markets, said Monday that the payment shows Venezuela’s changing tactics — from fighting creditors to striking deals.

But it’s unclear whether Venezuela can continue making good on the debt owed to Crystallex and a long list of others who are now lining up to collect.

“There’s not enough oil and money to pay everybody they need to pay now,” Dallen said. “They’re like hamsters on a treadmill.”


“You can duck and hide, but if a court says you owe the money, you owe the money,” Dallen said. “Like any creditor you don’t pay, they’re going to hunt you down.”