http://www.israelnationalnews.com/News/News.aspx/148867
Russia and China Practice Loans for Oil to Bolster Chavez
Taking a risk, Russia and China are loaning Venezuela billions in hope that Hugo Chavez can hold out.
Russia and China learned the hard way in Libya and Iraq that oil deals signed with a despotic regime can backfire if that regime was ousted. Now they appear to be taking the same gamble in Venezuela.
Last week Russian Deputy Prime Minister Igor Sechin visited Caracas to sign a loan agreement to finance arms purchases from Russia including Sukhoi fighter jets, combat helicopters, and small arms. This comes on top of a previous $2.2 billion loan for Russian tanks and anti-aircraft missiles.