From Canada.com/ReutersMOSCOW - Russia is lending one billion dollars (682 million euros) to Venezuela to buy Russian arms, the Kremlin said Thursday, ahead of a visit by Venezuelan President Hugo Chavez.
"Russia has taken the decision to grant Venezuela a credit of one billion dollars for implementing programmes in the field of military-technical cooperation," it said in a statement, using diplomatic jargon for arms sales.
Venezuela has been asking for the loan for months, according to Russian media reports.
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