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Russia extends period of state loan provided to Venezuela — Kremlin

June 08, 2015, 20:31 UTC+3 MOSCOW
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MOSCOW, June 8. /TASS/. Russian President Vladimir Putin signed the law on ratifying the Protocol on amending the Agreement on granting a state loan to Venezuela. The document has been posted on the Kremlin’s website on Monday.

"The Protocol provides for the extension of the state loan provided by Russia to the Bolivarian Republic of Venezuela, which will allow to create the legal basis for full compliance with the international obligations on financing the deliveries of Russian military products to Venezuela enshrined in the agreement between Russia and the Bolivarian Republic of Venezuela on cooperation in implementing joint strategic projects of September 10, 2009," the document says.

The federal law was passed by Russia’s State Duma on May 22, 2015, and endorsed by the Federation Council on June 3, 2015.

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