Venezuela's Chavez to visit China, Russia, Belarus, Iran

4th October 2010, Comments 0 comments

President Hugo Chavez said Sunday that he will travel soon to Russia, Belarus, China and Iran, four countries with which Venezuela has sought close political and economic ties in recent years.

Chavez did not immediately offer specific dates.

"In a few days, I will be traveling to Russia. We have important projects with Russia," Chavez said.

A bilateral finance bank to which Russia and Venezuela agreed two years ago could be ready to launch on time for the visit, he said.

"A few days ago, I received a letter from the Russian president (Dmitry Medvedev) in which he was insisting that we iron out the technical and financial details of the bank. It is very likely that when I get to Moscow it will be ready," Chavez said.

China and Venezuela have boosted their economic cooperation; they have a 12-billion-dollar joint finance fund. And Beijing has said it will spend 16 billion dollars on a heavy crude well in the Orinoco delta area, in the east of Venezuela, an OPEC member and South America's biggest oil producer.

© 2010 AFP

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