Rus­sia hands Venezuela a $6 bil­lion life­line

The Herald Sun - - Nation -

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.

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