Russia hands Venezuela a $6 billion lifeline
As Washington tries to build an economic wall around Venezuela, President Nicolás Maduro keeps digging tunnels.
On Thursday, Maduro said Russia had agreed to invest more than $5 billion in boosting Venezuelan oil production and $1 billion in mining – principally for gold.
After meeting with President Vladimir Putin this week, Maduro said the Russian government and private sector would also invest in Venezuela’s diamond sector, bring in satellite technology and provide about 600 tons of wheat in 2019. Russia will continue to supply and maintain Venezuela’s military arsenal.