Venezuela-Russia ties deepen despite US pressure

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blackascoal

The Force is With Me
CARACAS, Venezuela - Venezuela and Russia are strengthening their strategic alliance with new plans to cooperate on oil production, weapons and even wireless technology, the governments said as two visiting Russian Tu-160 bombers left for home on Thursday.

Venezuelan President Hugo Chavez, traveling to Moscow next week at the invitation of Prime Minister Vladimir Putin, is planning new oil projects with Russian companies and joint military exercises with Russian warplanes and ships in the Caribbean in November.

Venezuela also is in talks to buy Russian air defense systems and armored vehicles, and has expressed interest in the new Su-35 fighter, due off assembly lines in 2010, said Sergei Chemezov, general director of the Russian state holding company Rostekhnologii, according to Russia's Interfax news agency.

more at link --
http://news.yahoo.com/s/ap/20080918/ap_on_re_eu/lt_venezuela_russia
 
Of course, with the right wing and official US attitude and rhetoric about VZ what other course could you expect. The right wingers love the cold war. It feeds the mitilary Industrial Complex and their power base.

Heck even one of our biggest religious leader called for the assination of Hugo.
 
Russia better do something as its stock market is down 55% over the last four months. Investors have pulled billions out of the Russian market since the start of the war. There is no respect for the rule of law and private property right now under Putin which only frightens investors even more.
 
cawacko said:
Russia better do something as its stock market is down 55% over the last four months. Investors have pulled billions out of the Russian market since the start of the war. There is no respect for the rule of law and private property right now under Putin which only frightens investors even more.
Click to expand...
They and the Europeans have started flushing inflating cash into their markets too.

I think they are more likely to have a long-term down like Japan had a decade or so ago...
 
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