Bank Of Baku

Russia to lend Venezuela $4 bln to pay for arms deals‎

Russia to lend Venezuela $4 bln to pay for arms deals‎
# 07 October 2011 11:02 (UTC +04:00)
Baku - APA-Economics. Russia and Venezuela have signed an agreement to give Caracas a $4 billion loan within the next two years to maintain a high level of military and technical cooperation between the two countries, Venezuela`s President Hugo Chavez said following the talks with the Russian Vice Prime Minister Igor Sechin in Moscow, The Voice of Russia reported.

The Venezuelan Finance Minister Jorge Giordani is expected to visit Moscow to arrange the details of the agreement.






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