One of the main components of the dynamic development of Russian-Venezuelan relations is a successful business partnership in trade, the economy, the military and technological spheres.
The contracts that were signed with a view to delivering Russian arms to Venezuela have a value of more than three billion USD.
Russian capital is interested in participating in implementing joint infrastructure and energy projects. Lukoil and Gazprom are already participating in developing the largest oil and gas deposits in Venezuela.
During talks in the Kremlin with the President of Venezuela, Hugo Chavez, Vladimir Putin noted with satisfaction Russian companies’ increasing interest to work in Venezuela country and declared that the government will support such efforts by private Russian investors.