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Russia, Venezuela intensify economic and trade ties

Russia, Venezuela intensify economic and trade ties

Moscow, Oct 15 (Prensa Latina) The 15th meeting of the Russia-Venezuela High Level Intergovernmental Commission (CIAN) will conclude on Friday in Moscow with the commitment to expand bilateral alliances in economic matters and the signing of new cooperation agreements.
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The Venezuelan delegation is headed by Jorge Arreaza, Minister of Industries and National Production, while the Russian delegation is led by Deputy Prime Minister Yury Borisov.

Gathered since Thursday at the President Hotel in Moscow, both delegations have been reviewing the fulfillment of the different bilateral collaboration projects and the prospects for new joint agreements.

On Wednesday, Venezuela’s Deputy Minister of Economy and Finance Hector Silva stressed in Moscow that despite the unilateral coercive measures by the United States and its allies, his country is implementing initiatives to make progress in trade and investments.

Silva, who is also the president of the International Center for Productive Investment in Venezuela, addressed the 2nd Russia-Venezuela Business Meeting, which was attended by representatives of private companies and government institutions from both countries.

Silva highlighted the opportunities the Russian companies have to join the country’s plans in different spheres of the economic development and commented on the progress of joint cooperation in the last few years.

In this sense, he referred to the support provided by the Eurasian nation in the fight against the Covid-19 pandemic, and highlighted that other positive signs were the opening of an office of the state-owned Petroleos de Venezuela (PDVSA) in Russia and the establishment of a direct air route between Moscow and Caracas, through Conviasa airline, to transfer passengers and cargo.

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