VIO News Blog

September 26, 2008

Chavez and Putin Form Links for a Multi-Polar World

Filed under: Daily News Roundup — VenWorld @ 2:26 pm
Tags: , , , , , ,

President Chavez arrived in Moscow yesterday, to discuss increasing cooperation between Venezuela and Russia. The AP reports that President Chavez and Prime Minister Putin discussed the need for a multi-polar world, with Putin noting that “Latin America is becoming a noticeable link in the chain of the multi-polar world that is forming.”

Bloomberg reports that the two leaders agreed to create a joint company which Venezuela would control, investing billions of dollars to develop oil fields in Latin America and elsewhere.

In related news, The Boston Globe reports that Russia is ready to consider helping Venezuela develop peaceful nuclear energy, but mentions that the United States will be displeased with such a development in its “backyard.” Such offensive terminology by The Boston Globe harkens back to the age of gunboat diplomacy and direct intervention in the internal affairs of Latin American countries.

Finally, The New York Times reports that Russia has extended a $1 Billion line of credit to help facilitate military cooperation programs.

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