Published: Sat, December 08, 2018
Global News | By Blake Casey

Maduro departs to meet Putin in Moscow

Maduro departs to meet Putin in Moscow

Venezuela's President Nicolas Maduro arrived in Moscow on Tuesday to meet with his Russian counterpart Vladimir Putin, a spokesman for the Venezuelan Embassy in Russia informed TASS.

Maduro also wrote on his official Twitter page that he was headed to an "important work meeting" with Putin.

The Turkish leader also condemned the economic sanctions that Maduro faces since 2017.

After talks past year between Maduro and Putin, Russia, Venezuela's major creditor, agreed to restructure $3.15 billion of debt from a loan taken out by Caracas in 2011 to finance the purchase of Russian arms.

As food and medicine become increasingly scarce, masses of Venezuelans are fleeing, stretching resources in neighboring Colombia and Brazil. The International Monetary Fund projects hyperinflation of 10 million percent next year.

Maduro has repeatedly blamed a US-led economic war for the crisis, saying Washington is plotting to topple his government.

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"We have faced various threats and aggression, but we have learned how to deal with them", he said. "We are making efforts to diversify and deepen cooperation with Venezuela in every field through win-win understanding".

The Venezuelan leader added that he was looking forward to expanding economic ties with Russian Federation.

Hit by low oil prices, mismanagement and the impact of U.S. sanctions, Venezuela is in freefall and Maduro is seeking support from allies after winning a second presidential term this year.

"We will continue to trade, sell gold with the transparency and legality of our two countries [and] Venezuela produces what it has the right to sell it in the world", he added.

"It is very petty to try to use an illegal sanction to prevent Venezuela from selling its gold to the world", Maduro said during a joint press conference later on Monday with Erdogan, who also visited Paraguay after attending the Group of 20 summit in Argentina last weekend.

He emphasized that "any outside pressure on Maduro's government is counterproductive and won't help to calm the situation and establish stability". "I think that's what he fears more than anything".

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