Venezuela strikes £500m deal to buy Russian submarines

Fleet would help Chávez thwart future US embargo 

Sale to worsen relations between Putin and Bush

 

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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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