Military of China, force comment.
Military of China, force comment.

Figure: Venezuela purchased from K-8 trainer

[World Wide Web Roundup] According to the Russian World Arms Trade Center site on July 4, Venezuelan President Hugo Chavez recently announced that the country has a total of up to $ 500 million in military equipment procurement contract signed with China. It is reported that the Commission will use the loans provided by China to pay the funds required for the deal at the same time, it will be through the provision of oil to repay the loan.

Chavez claimed that this used to enhance the combat capability of the Committee of the Marine Corps, including armored technical equipment (infantry fighting vehicles), landing craft, artillery and other weapons systems imported from China weapons.

However, he did not disclose other details of the transaction, but said China from 2013 onwards is available.

Venezuelan Ministry of Defense is currently promoting a national armed forces and equipment replacement program. In the process of importing weapons systems, the Commission received a large amount of export credit. In this regard, Russia called the Committee “weapons loan,” the country of origin – Venezuela obtained from the Russian special loan of nearly $ 7 billion. Commissioned the Government to repay the loan, including the oil and to provide the Committee domestic oil exploration rights to Russian enterprises.

the end of June this year there were reports that Venezuela and Russia reached an agreement to buy 100 T-72B1V main battle tanks. The Commission will again receive about $ 4 billion loan from Russia, tanks, procurement of funds used to pay. (Compiler: the Big Dipper)

relevant reports:

Russia, said China will be the Venezuelan frigates and modernizing

media said Venezuela to give up Russian cargo plans to purchase armored vehicles

the Venezuelan Air Force said the F-10 (Figure) is working with China to discuss the purchase

China delivered next year the two Y-8, the Venezuelan Air Force to replace the United States C130H share: