Wilmar Castro, Venezuela’s vice president for the economy, and Finance Minister Simon Zerpa, right, attend a briefing in Moscow at the signing of a deal between Russia and Venezuela on its debt restructuring. MOSCOW—Russia threw a lifeline to Venezuela on Wednesday, restructuring the more than $3 billion it is owed by its economically and politically troubled South American ally. The Russian Finance Ministry said the debt of $3.15 billion would now be repaid over 10 years, with minimal repayments during the first six years. “Reducing the debt burden to the republic from the restructuring of liabilities will allow the funds that have been freed up to be allocated to the country’s economic development, to improve the liquidity of the debtor, and to increase the chances of all creditors to recoup credits provided to Venezuela,” the Russian finance ministry said in a statement. The agreement comes just as Venezuela’s cash-strapped […]