Russia has already signed contracts with Venezuela for more of 11$ million of armament 1405131

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Defence & Security News - Russia
 
 
Tuesday, May 14, 2013 08:58 AM
 
Russia has already signed contracts with Venezuela for more of 11$ million of armament.
The contracts signed between Russia and Venezuela in the field of military cooperation reach 11 billion dollars in total, announced Monday, May 13, 2013, the head of the Russian agency of arms export, Rosoboronexport, Anatoly Issaïkine.
     
The contracts signed between Russia and Venezuela in the field of military cooperation reach 11 billion dollars in total, announced Monday, May 13, 2013, the head of the Russian agency of arms export, Rosoboronexport, Anatoly Issaïkine.
Booth of Rosoboronexport Russian arms export agency at IDEF 2013, defence exhibition in Turkey.
     

"The volume of contracts is estimated at 11 billion dollars," the official said, adding that the Russian-Venezuelan cooperation in the military-technical field had reached the level of strategic partnership.

The Venezuelan army is essentially equipped with Russian weapons, reported the director of Rosoboronexport.

Between 2005 and 2007 Venezuela reached deals to buy $4-billion worth of arms from Russia, including Sukhoi fighter jets, combat helicopters, and over 100,000 light weapons, primarily the famous AK-103 assault rifles and a license to produce them in Venezuela.

Caracas also secured a $2.2-billion loan in 2010 to purchase a large batch of Russian weapons for its army, including 92 T-72M1M main battle tanks, about 240 BMP-3 infantry fighting vehicles and BTR-80 armored personnel carriers, and a variety of artillery systems.