World, Americas

Venezuela strengthens relationship with Russia

Two nations signed cooperation agreements in areas of health, education, energy, food, and security

Jorge Jraissati  | 01.04.2021 - Update : 01.04.2021
Venezuela strengthens relationship with Russia

CARACAS, Venezuela

Venezuela’s President Nicolas Maduro declared Wednesday that the agreements signed by Venezuela and Russia in multiple sectors demonstrate the great relationship of cooperation that exists between the two nations.

“We are demonstrating the great strength of the comprehensive, working and cooperative relations that exist between Russia and Venezuela. This extraordinary trajectory has been consolidated through these years in Revolution,” Maduro said.

Maduro’s comments refer to the cooperation agreements that Russia and Venezuela signed on Tuesday evening in the areas of health, finance, education, energy, food and security.

These agreements entail the beginning of a new 10-year joint agenda of cooperation between the two nations which Maduro called “Agenda 2021-2031.”

In the area of health, for instance, Venezuela received 50,000 doses of EpiVacCorona, the second vaccine developed by Russian scientists after Sputnik V.

Maduro praised Russia for producing a new vaccine that is “100% effective and powerful” in combating the virus.

The Venezuelan president added that the laboratory that produces and distributes the new vaccine is the same Russian laboratory that produces insulin for Venezuela.

Venezuela has already received 200,000 doses of the Sputnik V vaccine.

In the area of economics, Maduro highlighted that Russia and Venezuela will keep working closely in the energy sector.

“The founding and consolidation of OPEC+ is another great achievement of the alliance between Russia and Venezuela,” Maduro added.

The president stressed the role that the OPEC+ alliance has played in stabilizing oil prices after they plummeted in 2020 because of the global coronavirus pandemic.

On Russia’s part, Deputy Prime Minister Yuri Borisov declared that the two countries are working to increase their trade and highlighted that Russian and Venezuelan relations are an example of how the economic sanctions imposed by the US can be "counteracted."

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