Venezuela to Get More Than $7 Billion From China and Russia
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Venezuela agreed to more than $7 billion of financing from China and Russian and French energy companies for infrastructure and oil-project development.
China has agreed to lend Venezuela $5 billion, the third tranche of the China-Venezuela Fund, Venezuela’s Oil Minister and Economy Vice President Rafael Ramirez told reporters during a press conference in Caracas today. The funds will mostly be used to finance large infrastructure projects, Ramirez said.