Chavez asks Rusia for Another Credit to Strengthen his Military Forces

President Hugo Chavez is negotiating a credit of 4,000 million dollars, half of which will go to “equip and train” Venezuelan Military Forces.

“We need the military forces to be very powerful (…), because we have the first oil reserves in the world and a socialist revolution is being held in our country,” he said in a telephone interview from Cuba, broadcasted by the state television ‘VTV’.

Between 2005 and 2007, Caracas signed contracts to buy Russian weapons for over 4,000 million dollars to buy Sukoi aircraft, combat helicopters, guns, among others.

He also received a loan from Moscow for additional 2,200 million and commissioned in 2010 to Russian T-72 tanks and an unspecified number of anti-aircraft missiles S-300.

Source: AFP