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Putin and Venezuelan Maduro sign a strategic partnership agreement at Moscow

In a ceremony broadcast on state television, Russian President Vladimir Putin signed a strategic agreement with Venezuelan President Nicolas Maduro.

Interfax, a Russian news agency, reported that the two leaders also spoke about energy and oil in their meeting at Moscow.

In the agreement, Russia & Venezuela stated that they would promote joint efforts within OPEC +, the Gas Exporting Countries Forum, and other organisations involved in the energy industry.

The agreement stated that "the parties will promote an equitable and stable development of global markets for energy without using unfair competition instruments."

The two companies agreed to work together to explore and develop new oil and natural gas fields, as well as expand their oil trading operations.

The document envisages a closer collaboration between Russia and Venezuela in the United Nations, other organisations and the field of arms control as well as a joint opposition to unilateral sanctions.

Dmitry Peskov, Kremlin spokesperson, described the strategic accord as "a substantial and important framework document".

The three-year war between Russia and Ukraine has caused a breakdown of relations with many Western countries. This has prompted Moscow, which wants to counteract the influence of the "collective west", as the Kremlin refers to it, including the United States, to strengthen its ties with those other countries.

Since 2022, Russia already has strategic partnership agreements with China, North Korea, and Iran.

Venezuela's recent relationship with the United States has been fraught, marked by shattered diplomatic relations, sanctions, and accusations of criminal activities and coup plotting.

Maduro will also attend events commemorating the 80th anniversary since the Soviet Union defeated Nazi Germany.

Military Parade

On Friday. (Reporting and editing by Andrew Osborn, Gareth Jones, and Vladimir Soldatkin)

(source: Reuters)