Venezuela and Russia sign Cooperation and Strategic Partnership Agreement

Published at: 07/05/2025 11:00 AM

This Wednesday, May 07, the President of the Republic, Nicolás Maduro, and his Russian counterpart, Vladimir Putin, signed the Agreement on Cooperation and Strategic Partnership for the next 10 years between the two nations.

After holding a large meeting in the Kremlin, both leaders proceeded to sign this agreement, which addresses issues of great importance such as finance, hydrocarbons, air connections, technology, military and security cooperation, among others.

In addition, the agreement proposes the consolidation of independent financial infrastructure, joint investments in oil, gas and mining and the opening of a greater number of air routes between the two nations.

Greater coordination is also proposed with the Organization of Petroleum Exporting Countries (OPEC), and with the Forum of Gas Exporting Countries. In turn, they plan to build a ground station in Venezuela for the global navigation system, Glonass, and expand space cooperation between the two nations.

In addition, they plan to strengthen alliances in health, medicine and vaccines; combined with greater scientific and technological innovation; as well as strengthening ties in security, defense and technical-military cooperation.

Since 2019, Venezuela and Russia have strengthened their relations of cooperation and friendship, signing more than 350 agreements and carrying out 18 joint commissions.

Mazo News Team