Published: Sat, December 08, 2018
Worldwide | By Jermaine Blake

Venezuelan president arrives in Moscow to meet with Putin

Venezuelan president arrives in Moscow to meet with Putin

Earlier, the Venezuelan embassy in Russian Federation said that Maduro at his meeting with Putin was going to discuss joint projects and bilateral relations. "Naturally, we condemn any terrorist action, any attempts to use force to change the situation".

While he won the May elections, most of the global community did not recognize the results.

Earlier this year the former footballer was also seen supporting Maduro during his presidential election campaign.

That marks a dramatic increase in trade between the two countries, which totaled just $84 million in 2016, officials said.

Putin spokesman Dmitry Peskov said Maduro had travelled to Moscow specifically to ask Russian Federation - itself the target of United States sanctions - for financial assistance. "In light of this, the discussion will focus on the help that Venezuela's authorities need", he added.

"We do not interfere in the trade of the USA or other countries, nobody should interfere with our commercial and economic activities", he said, stressing that the South American country would continue to legally export its gold resources.

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The US has accused Venezuela's government of violating human rights and triggering an economic meltdown.

Nearly two million Venezuelans have fled the ailing oil-rich nation, driven out by acute food and medicine shortages, and violent crimes. The inflation rate is expected to reach one million percent this year, according to the International Monetary Fund (IMF).

After talks previous year between Maduro and Putin, Russia, Venezuela's major creditor, agreed to restructure $3.15 billion of debt from a loan taken out by Caracas in 2011 to finance the purchase of Russian arms.

Venezuelan President Nicolas Maduro has arrived in Russian Federation, looking for support amid a spiraling economic crisis.

Recep Tayyip Erdogan described also his counterpart and Venezuelan ally Nicolas Maduro as the modern Simon Bolivar, who will defeat all attacks against him.

The United States and some European nations have sanctioned Maduro's administration in an attempt to pressure Venezuela into making a return to democratic ways.

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