Bloomberg News

Venezuela to Get $4 Billion Loan From Russia, Chavez Says

June 24, 2012

Venezuelan President Hugo Chavez said a delegation has traveled to Moscow to sign a $4 billion loan agreement to purchase Russian military equipment.

Chavez made the announcement on state television without disclosing what the equipment will be. He didn’t provide details of the loan.

After making the announcement, the president walked among troop formations and watched an armored tank being operated on his orders.

To contact the reporter on this story: Jose Orozco in Caracas at jorozco8@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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