Russian President Vladimir Putin (R) meets with his Venezuelan counterpart Nicolas Maduro at the Novo-Ogaryovo state residence outside Moscow, Russia December 5, 2018. REUTERS/Maxim Shemetov
CARACAS (Reuters) - Venezuela has signed deals securing investment from Russia in the South American country’s oil and gold sectors, President Nicolas Maduro said on Thursday at the end of a three-day trip to Moscow.
“We have signed contracts to guarantee investments of more than $5 billion with our Russian partners in joint ventures to raise oil production,” Maduro said in a video posted on his Twitter account.
“We are also guaranteeing an investment of $1 billion for mining, mostly in gold.”