LADDO: Russian official: Venezuela has no plans to buy more weapons

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Russian official: Venezuela has no plans to buy more weapons

Sergei Chemezov, the director of Russian state-run industrial holding company Rostekhnologii, said that the company does not expect that the Venezuelan government will sign new contracts to buy Russian weapons.

Published in: ElUniversal.com - January 25, 2012

Russia seeks to sign weapon sales agreements with Latin American countries, particularly Brazil, Argentina, and Chile, said Sergei Chemezov, the CEO of Russian state-owned corporation Rostekhnologii.

Chemezov said that "no new contracts are expected soon" with Venezuela, the biggest purchaser of Russian weapons in Latin America.

"We have signed many contracts with Venezuela that must be fulfilled," he added.

According to several sources, Russia has sold USD 5 billion in weapons to Venezuela.

Source: ElUniversal.com

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