Russia and Venezuela for strengthening trade cooperation.

Moscow: Venezuela’s Deputy Minister of Economy and Finance Hector Silva underscored today that despite the unilateral coercive measures of the United States and its allies, his country is implementing initiatives to advance trade and investments, Prensa Latina reports.

The also president of the International Center for Productive Investment of that nation held the floor in the 2nd Russia-Venezuela Business Meeting, which was attended by representatives of private companies and government institutions of both countries.

Silva highlighted the opportunities that Russian companies have to join the plans of his country in different areas of its economic development, and commented on the progress of joint cooperation in recent years.

In that regard, he referred to the support provided by Moscow to Caracas in the fight against the Covid-19 pandemic, Venezuela being the first country in Latin America where the Russian Sputnik V vaccine was tested as well as the first to receive and apply it among its population.

The deputy minister emphasized that other positive signs were the opening of an office of the Petroleos de Venezuela State company in Russia, and the establishment of a direct air route between both countries through the CONVIASA airline, for the transfer of passengers and cargo.

He noted that such link is fundamental for the exchange between the sides since it can ensure the transfer of goods and boost tourism between both nations.

Russian entrepreneurs are very interested in investing and creating joint ventures, for example in the high technology sector.

The Venezuelan vice minister showed the wide portfolio of possible businesses that the country has, among which the opportunities in the energy sector stand out, being the first oil reserve in the world and the eighth of natural gas.

He also meant opportunities in the area of ​​mining, with great wealth of gold and diamond, in nature tourism, industry, agriculture, forest wealth and fishing.

He also expressed that Venezuela can become a bridge for the Russian market and the Eurasian Economic Union and its connection with the rest of Latin America.

The business meeting is the preamble to the meeting of the Russia-Venezuela High-Level Intergovernmental Commission, which will take place tomorrow and Friday in Caracas.

Por Redacción digital

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