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“Venezuela Russophiles”
By Ana Julia Jatar on 22 Sep, 2009
Venezuela and Russia have mutual interests in the former's arms build-up and in energy dealsVenezuela continues to deepen its diplomatic and economic relations with Russia, as evidenced by President Hugo Chávez's recent visit--his eighth--to Moscow. Agreements were signed in the areas of trade and energy, with an arms deal getting the most attention. The motives behind the relationship are in part political, with Venezuela seeking to strengthen its hand against the US and offset its influence in Latin America, and Russia interested in expanding its presence in the region. But the two countries are also linked as major global energy producers with mutual interests in expanding co-operation in this area.The latest arms deal involves the purchase of 92 T-72S tanks, Smerch missiles with a range of 90 km and an advanced anti-aircraft defence system including radar and missiles with a range of 400 km, according to announcements by Mr Chávez made on September 13th. The Russian government will provide a credit line of US $2.2bn to finance the acquisition... more »
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