Venezuela strikes £500m deal to buy Russian submarines

Fleet would help Chávez thwart future US embargo 

Sale to worsen relations between Putin and Bush





Luke Harding in Moscow
Thursday June 14, 2007
Guardian Unlimited

President Hugo Chávez is poised to buy at least five submarines from Russia in a £500m deal that will alarm the White House and confirms Venezuela as a growing military power in the region.
Mr Chávez is expected to sign the deal during a trip to Moscow next week. According to the Kommersant newspaper, Venezuela has agreed an initial contract to buy five Project 636 diesel submarines, and four Project 637 Amur submarines at a later date. More…

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