Military Shopping Spree In Latin America

October 22 2009

Venezuelan President Hugo Chavez said in September that Moscow had agreed
to lend his country more than $2 billion buy weapons. Russian President Dmitry
Medvedev, right, and Chavez are shown exchanging documents at the Barvikha
presidential residence outside Moscow on Sept. 10, 2009. Between 2005 and 2007,
Russia signed a dozen contracts worth more than $4.4 billion to supply arms
to Venezuela, including fighter jets, helicopters and Kalashnikov assault rifles.

For example,...

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