President Nicolas Maduro signed into law the Treaty of Strategic Partnership and Cooperation between Venezuela and the Russian Federation during a high-level meeting with Russian Ambassador to Venezuela Sergey Melik-Bagdasarov at the Miraflores Palace. This is reported by Venezolana de Televisión, a partner of TV BRICS.
Following the unanimous approval by the National Assembly, the Venezuelan head of state underscored the importance of the agreement as a foundation for the next decade of collaboration.
“I thank the National Assembly for its debate and approval of this treaty – on the birthday of President Vladimir Putin,” said Maduro.
The 10-year treaty, which allows for automatic five-year renewals, sets a framework for broad cooperation in strategic sectors and aims to reinforce the institutional architecture of the Venezuela-Russia partnership.
Among its main priorities are:
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The creation of a financial infrastructure to facilitate trade;
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The promotion of joint investments in key sectors such as energy, gas, and mining;
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Enhanced coordination in multilateral forums.
According to the source, the ratification of the treaty marks a new phase in bilateral relations, focused on mutual development, technological cooperation, and sustainable resource management.
Photo: Oleksii Liskonih /
iStock
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