http://www.forbes.com/afxnewslimited/feeds...afx5568215.html
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MOSCOW, Oct 17 (Reuters) - Venezuela is negotiating to buy T-72M tanks to add to a long list of military spending in Russia, Interfax agency quoted a defence industry source as saying on Friday.
Venezuela, the most strident critic of the United States in Latin America and benefiting from a surge in oil revenues, has announced plans to spend over $30 billion on upgrading its armed forces.
It has already bought $4.4 billion worth of Russian weapons, including warplanes, helicopters and Kalashnikov rifles. Russian officials have said talks on purchases of submarines, armoured personnel carriers and anti-aircraft systems are under way.
The unnamed source told Interfax that contract talks on a tank order were now also in progress, but did not say how many tanks were involved. Russian officials declined to comment.
The source said Venezuela was interested in T-72Ms -- a tank designed in the 1970s but upgraded with modern weapons and electronics.
Last month Russia said it was loaning Venezuela $1 billion to buy military equipment from Russian manufacturers.
President Hugo Chavez supported Russia in its war against Georgia over the rebel region of South Ossetia in August, and has said he expects Russian President Dmitry Medvedev to visit Venezuela during his trip to Latin America next month.
Chavez, known for his anti-American tirades, hosted a visit by Russian bombers this month. Russian warships will hold exercises off Venezuela in November, the first time they have held manoeuvres off the Americas since the Cold War.
(Writing by Oleg Shchedrov; Editing by Kevin Liffey) Keywords: RUSSIA VENEZUELA/TANKS
tf.TFN-Europe_newsdesk@thomsonreuters.com
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Venezuela, the most strident critic of the United States in Latin America and benefiting from a surge in oil revenues, has announced plans to spend over $30 billion on upgrading its armed forces.
It has already bought $4.4 billion worth of Russian weapons, including warplanes, helicopters and Kalashnikov rifles. Russian officials have said talks on purchases of submarines, armoured personnel carriers and anti-aircraft systems are under way.
The unnamed source told Interfax that contract talks on a tank order were now also in progress, but did not say how many tanks were involved. Russian officials declined to comment.
The source said Venezuela was interested in T-72Ms -- a tank designed in the 1970s but upgraded with modern weapons and electronics.
Last month Russia said it was loaning Venezuela $1 billion to buy military equipment from Russian manufacturers.
President Hugo Chavez supported Russia in its war against Georgia over the rebel region of South Ossetia in August, and has said he expects Russian President Dmitry Medvedev to visit Venezuela during his trip to Latin America next month.
Chavez, known for his anti-American tirades, hosted a visit by Russian bombers this month. Russian warships will hold exercises off Venezuela in November, the first time they have held manoeuvres off the Americas since the Cold War.
(Writing by Oleg Shchedrov; Editing by Kevin Liffey) Keywords: RUSSIA VENEZUELA/TANKS
tf.TFN-Europe_newsdesk@thomsonreuters.com
cmr
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