And he said Venezuelan President Nicolas Maduro during a ceremony at the presidential palace in CaracasAfter the meeting between the delegates of the two allied countries, “With these agreements and contracts that we signed, we conclude and strengthen the path of union and cooperation between Russia and Venezuela for the rest of the coming years, from now until 2030 and beyond.”
Russian Deputy Prime Minister Dmitry Chernychenko had previously confirmed his country’s readiness to respond “fully” to “the needs of the Venezuelan Armed Forces” by supplying them with “more advanced weapons and military equipment,” according to a translation of his statements broadcast on Venezuelan public television.
The 17 agreements that were signed include a cooperation document on “the use of drones” and “intelligence and counter-espionage issues.”
For her part, Venezuelan Vice President Delcy Rodriguez thanked Russian President Vladimir Putin for his support in “equipping” the Venezuelan armed forces and his cooperation in “protecting territorial integrity” and “national sovereignty.”
Also, the two parties signed agreements regarding “training and technical advice” in the field Energy Providing petroleum services and technology for extraction Oil Very heavy crude.
Large oil reserves
Relationships between Caracas And Moscow during the era of former President Hugo Chavez (1999-2013).
A high-level committee was established between the two countries in 2004, and since then, more than 400 agreements have been signed.
Maduro, Chavez’s successor, is a strong ally of Putin and supported him during the war against Ukraine.
And it was RussiaIt is one of the few countries that recognized Venezuela’s disputed presidential elections last July, and one of Venezuela’s main partners since US sanctions were tightened and an oil embargo was imposed in 2019 with the aim of ousting Maduro from power.
Possess Venezuela It has some of the world’s largest oil reserves, but its extractive industry is dilapidated and struggling to emerge from the economic crisis affecting the country.
The country was producing up to 3.5 million barrels per day before it witnessed production decline to its lowest level ever at 300,000 barrels per day in 2020, due to mismanagement, corruption, and US sanctions. Production has been slowly recovering since then and is now approaching one million barrels per day.
