CARACAS, November 12. /TASS/. Venezuelan President Nicolas Maduro praised the strategic alliance with Russia and the results of economic cooperation between the two countries, Maduro said his program for Venezolana de Television TV channel.

The president pointed out that a "strategic alliance" has been established between Moscow and Caracas and that "Russian exports to Venezuela have grown by 453% in 2024".

He noted that there are "excellent prospects" for the Russian economy to replace imports from Western countries that have imposed sanctions on the country.