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Saturday, July 22, 2006

Russia Signs USD 1 Bln Contract on Supplies of Fighter Jets, Helicopters With Venezuela

Russia has signed a contract on supplies of military planes and helicopters to Venezuela worth over $1 billion, the defense minister is quoted by RIA Novosti news agency as saying.

Sergei Ivanov said 30 Su-30 Flanker air-superiority fighters and 30 helicopters would be supplied to Venezuela.

The Russian Su-30 Flankers will replace a Venezuelan contingent of U.S. F-16 multi-role fighters after Washington imposed an embargo on arms sales to the country May 15, which it says poses a threat to regional stability.

Venezuelan President Hugo Chavez, who has moved to curb American influence in the region and consolidate ties with other South American nations since he came to power in 1998, earlier accused the United States of breaching an agreement to supply parts for Venezuela’s F-16s.

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