Venezuela secures nuclear deal with Russia

Featured, News of the Day
October 15, 2010 21:52

Russia's President Dmitry Medvedev (R) and his Venezuelan counterpart Hugo Chavez exchange documents during a signing ceremony in Moscow. Photo - Denis Sinyakov/Reuters

Who: Russian President Dmitry Medvedev and Venezuelan President Hugo Chavez.

What: Russia and Venezuela signed a deal that will pave the way to nuclear energy in the Latin American socialist republic. The ITAR-Tass news agency said Russia will build two 1,200 mega watt nuclear reactors at the Venezuelan plant.

Where: The agreement and signing of the deal took place at a Kremlin ceremony in Moscow, Russia.

When: The countries came to an understanding during Hugo Chavez’ state visit to Russia on Friday, 15 October.

Why: After inking the agreement, Russian President Dmitry Medvedev signalled both the countries shared a ‘strategic partnership’ and a vision of a world free of overwhelming US influence. “Both Russia and Venezuela favour the development of a modern and just world order, a world order in which our future does not depend on the will or desire of any one country, its well-being or its mood,” Medvedev said. Venezuelan President Hugo Chavez, on the other hand, openly criticised US imperialism. “We are still too dependent on oil because the Yankee empire imposed this model on us,” he said during the ceremony.

How: The agreement includes the construction of a 1,200 megawatt nuclear power plant along with a separate research reactor. The wider part of the deal also includes purchase of Russian weapons and acquisition of $1.6 billion of Venezuelan oil assets by Russian companies.

Website Pin Facebook Twitter Myspace Friendfeed Technorati Digg Google StumbleUpon Premium Responsive

This article was written by on Friday, October 15, 2010 at 9:52 pm. You can follow any responses to this entry through the RSS feed. You can leave a response, or trackback from your own site. Tags: