Saturday, September 27, 2008

Chavez gets $1 billion Russian arms loan

Venezuelan leader Hugo Chavez continued his efforts to strengthen his military during his Russian visit by negotiating a $1 billion loan to purchase military hardware from Moscow.

No specifics were mentioned but Venezuela is known to have an interest in purchasing advanced Su-30 fighter aircraft from Russia.

BBC News

Russia to loan Chavez $1 billion for arms
United Press International - 56 minutes ago
MOSCOW, Sept. 26 (UPI) -- Russia will loan Venezuela $1 billion for weapons purchases and military development, a Russian official said Friday.
Video: Chavez wants stronger arms trade with Russia RussiaToday
Russian Moves Show Military Ambitions New York Times

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