Venezuela's Ch?vez Wins More Support

At a summit in Venezuela on Mar. 29, President Hugo Ch?vez won new backing from Spain and Brazil. Spanish Prime Minister Jos? Luis Rodr?guez Zapatero, inked a deal to sell $1.7 billion in military patrol ships and transport planes to Caracas. And Brazilian President Luiz In?cio Lula da Silva, who recently agreed to sell Ch?vez 50 light combat aircraft, voiced his strong support for the former Army paratrooper. The moves may irritate the U.S., which is worried that Ch?vez' arms buildup could destabilize the region. The Bush Administration has criticized Russia's recent sale of 100,000 AK-47 rifles to Venezuela.

EDITED BY Edited by Rose Brady

The Good Business Issue
blog comments powered by Disqus